· IN legislature · 2026

Income tax deduction for theft loss.

Provides an income tax deduction for theft losses that result from certain financial transactions induced by third parties and that cause the individual to incur federal gross income as a result of the theft. Requires the department of state revenue to first certify the theft loss deduction before a taxpayer may cla…

Sponsor

Jeff Thompson (R-IN)

Introduced

2026-01-08

Policy area

Taxation

Latest action

First reading: referred to Committee on Ways and Means