The bill titled "Tax Relief for Victims of Crimes, Scams, and Disasters Act" seeks to amend the Internal Revenue Code of 1986. It aims to bring back the deduction for personal casualty losses that was eliminated by the Tax Cuts and Jobs Act of 2017. The bill also allows...
Simple Explanation
This bill wants to bring back a rule that lets people lower their taxes if their stuff got damaged or lost because of bad things like crimes or disasters, which was stopped a few years ago. It also says that people can go back and fix old tax forms if they couldn't ask for this help back then.