S. 5566, known as the "Tax Fairness for Survivors Act," proposes changes to the Internal Revenue Code of 1986 to exclude from federal income taxes any money received through judgments, awards, or settlements related to sexual assault or sexual harassment claims. This...
Simple Explanation
S. 5566 is like telling people they don't have to pay taxes on money they get if they win in court or settle because someone hurt them in a really bad way, like when someone wasn’t nice or did something wrong to them. This means when people get money because of this, they get to keep all of it without paying extra money to the government.