Global Markets
Home›Global Markets›Trade & Tariffs›Bill would restore tax relief for some theft and fraud…
Bill would restore tax relief for some theft and fraud victims
The proposed House change would revert the theft-loss deduction rule from before 2018 and also add additional relief for fraud victims.
CNBC Markets reports that a bill moving in the House would change federal tax treatment for certain victims of theft and fraud.
The proposal would restore a pre-2018 rule that generally allowed a tax deduction for theft losses, which Congress previously narrowed.
According to CNBC Markets, the bill would also provide additional tax relief provisions for fraud victims, beyond the theft-loss restoration.
← Newer storyChina AI summit highlights push for AI governance to avoid digital di…Older story →Alcoa shares fall after Q2 results miss and guidance is trimmed
More like this
Global MarketsUS says another soldier died in Iraq ordnance detonation