H.R. 9500, the Tax Relief for Fraud Victims Act, passed the House on September 15, 2026.
H.R. 9500 — Tax Relief for Fraud Victims Act
What it does
This bill repeals the cap on tax deductions for personal casualty losses and creates new tax relief for victims of theft involving fraud or deceit. It allows fraud victims to deduct losses in the year they discover them (rather than when the theft occurred), extends the deadline for filing refund claims by one year, and permits early withdrawals from retirement accounts to recover fraud losses without penalty. It also grants retroactive relief back to 2021 for homeowners with pyrrhotite-damaged foundations.
Quorum's transparency scan gave Tax Relief for Fraud Victims Act a moderate transparency flag — and flagged a rider.
What happens next
H.R. 9500 passed the House. It now moves to the other chamber.
Who is behind it
Filed by Max Miller. Cosponsored by Thomas Suozzi and Vern Buchanan.
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