H.R. 9500 Passed the House Taxation

Tax Relief for Fraud Victims Act

To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses and to provide for increased taxpayer relief with respect to theft losses involving fraud, deceit, or misrepresentation.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Miller, Max L. [R-OH-7] Introduced June 29, 2026 Cosponsors 2 (1 D, 1 R) Latest action September 16, 2026

Summary

Tax Relief for Fraud Victims Act
This bill expands the federal tax deduction for personal casualty and theft losses by eliminating certain limits, including the requirement that such losses arise from certain disasters. The bill also extends the tax refund deadline and modifies certain retirement plan rules related to certain fraud losses.
The bill repeals the limit on the federal tax deduction for personal casualty losses (not attributable to a trade, business, or transaction entered into for profit) that allows such losses only if arising from a federal or state declared disaster or to the extent that such losses offset personal casualty gains.
The bill allows taxpayers to elect to claim a tax deduction for losses arising from a theft involving fraud, deceit, or misrepresentation in the tax year such losses occur (rather than in the tax year discovered). Further, the bill extends the deadline for a refund claim related to a tax deduction for such losses to no less than one year after the date on which the losses are discovered and eliminates certain restrictions on the amount of such refund.
For early distributions from a qualified retirement plan arising from a theft loss involving fraud, deceit, or misrepresentation for which a tax deduction is allowed, the bill
- waives the 10% penalty,
- extends the deadline for filing a refund claim and eliminates certain restrictions on the amount of such refund, and
- allows one year (beginning on the day after the theft loss is discovered) to repay such early distributions.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Roll-call votes

Actions

  1. Sep 16, 2026 Received in the Senate and Read twice and referred to the Committee on Finance.
  2. Sep 15, 2026 Motion to reconsider laid on the table Agreed to without objection.
  3. Sep 15, 2026 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 17 (Roll no. 305). (text: CR H5687-5688)
  4. Sep 15, 2026 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 17 (Roll no. 305).
  5. Sep 15, 2026 Considered as unfinished business. (consideration: CR H5824-5825)
  6. Sep 15, 2026 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  7. Sep 15, 2026 DEBATE - The House proceeded with forty minutes of debate on H.R. 9500.
  8. Sep 15, 2026 Considered under suspension of the rules. (consideration: CR H5687-5690)
  9. Sep 15, 2026 Mr. Smith (MO) moved to suspend the rules and pass the bill, as amended.
  10. Jul 1, 2026 Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 39 - 0.
  11. Jul 1, 2026 Committee Consideration and Mark-up Session Held
  12. Jun 29, 2026 Referred to the House Committee on Ways and Means.

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