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Scam victims can owe taxes on stolen money. A bill in Congress could offer relief

Personal Finance CNBC By CNBC 18 Jul 2026 13:30 1 min read
Scam victims can owe taxes on stolen money. A bill in Congress could offer relief

A bill in the House would restore a pre-2018 rule that generally allowed a tax deduction for theft losses and would add other relief for fraud victims.

A bill in the House would restore a pre-2018 rule that generally allowed a tax deduction for theft losses and would add other relief for fraud victims.

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