Scams Tax Relief Act
Key claim: A House bill called the Scams Tax Relief Act has been introduced and sent to the Ways and Means Committee for consideration.
Abstract
(HR10891 · 119th Congress) Latest action (2026-10-22): Referred to the House Committee on Ways and Means.
Why this matters
Scam losses currently receive limited federal tax treatment because the TCJA restricted personal casualty and theft loss deductions to federally declared disasters through 2025. A dedicated ‘Scams Tax Relief Act’ signals congressional interest in carving scam-victim losses back into deductibility, but as an introduced bill referred to Ways and Means it has no legal effect yet.