Bill helps fraud victims deduct losses and access retirement money.
H.R. 9500 — Tax Relief for Fraud Victims Act · Filed by Max Miller (R-OH) · 2 cosponsors · Introduced Jun 29, 2026 · Passed chamber
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What it does
The bill removes the cap on tax cuts for personal losses. People who lost money to fraud, theft, deceit, or lies can deduct those losses. They deduct them in the year they find out, not when the theft happened. The bill gives people one extra year to file for tax refunds. It also lets fraud victims take money out of retirement accounts early without the usual 10% penalty.
Who it affects
People who lost money to fraud or theft gain tax breaks and faster refunds. Homeowners with concrete damage from pyrrhotite also get tax relief. Anyone with personal losses gains from the removed cap.
One thing to notice
The bill covers losses from the end of 2020 onward. People may file tax refund claims for losses from years ago. Fraud victims must find out about and report losses within one year to get the refund.
From the analysis of the bill text, linked under Primary records below.
Where it stands
2 cosponsors: 1 Democrats, 1 Republicans.
- Jun 29, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jun 29, 2026 — Referred to House Committee on Ways and Means and Senate Committee on Finance · Congress.gov: “Referred to the House Committee on Ways and Means”
- Jul 1, 2026 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- Jul 1, 2026 — Reported out of committee · Congress.gov: “Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 39 - 0”
- Sep 15, 2026 — Passed the House · Congress.gov: “On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required)…”
- Sep 15, 2026 — Floor vote scheduled · Congress.gov: “Mr. Smith (MO) moved to suspend the rules and pass the bill, as amended”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- fraud — A trick or lie used to steal money or things from someone.
- pyrrhotite — A mineral in some concrete that can crack and damage house bases.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (7,200 characters) on Jul 5, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,342 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-18.
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