S. 467In Committee
End Double Taxation of Successful Consumer Claims Act
Allows an above the line tax deduction for attorney fees and court costs awarded in certain consumer protection settlements or judgments
Plain-English overview
What this bill does
Allows an above the line tax deduction for attorney fees and court costs awarded in certain consumer protection settlements or judgments
Key points
- Allow deduction for attorney fees
- Allow deduction for court costs
- Expand tax deduction eligibility
Current status
Where it stands
Status
In Committee
Latest action
2025-02-06 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedTaxation