S 467 · 119th Congress

End Double Taxation of Successful Consumer Claims Act

Right now, when someone wins a consumer protection lawsuit or settlement, they have to pay taxes on the entire award—even though part of that money goes to their lawyer. This bill fixes that unfair situation by allowing people to deduct attorney fees and court costs from their taxable income. Think of it this way: i…

Sponsor

Cortez Masto, Catherine (D-Nevada)

Introduced

2025-02-06

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.