H.R. 2347, known as the “Survivor Justice Tax Prevention Act,” proposes changes to the Internal Revenue Code to allow individuals to exclude from their gross income any damages received due to sexual acts or contact, excluding punitive damages. The bill amends Section...
Simple Explanation
H.R. 2347 says that if a person gets money because someone hurt them in a bad way, like touching when they shouldn’t, they don’t have to pay taxes on that money, but they still have to pay taxes if the money is meant to punish the person who did it.