Tax Fairness for Survivors Act

# Tax Fairness for Survivors Act (HR 1306) Summary **What the Bill Does:** This bill would modify federal tax rules for people who survive disasters, accidents, or other tragic events. Specifically, it would allow survivors to claim tax deductions or credits for uncompensated losses—meaning expenses and damages they had to pay out-of-pocket without receiving insurance payments or government assistance. The bill aims to provide financial relief to individuals and families dealing with significant hardship by reducing their tax burden. **Who It Affects:** The bill primarily targets disaster survivors and people who experience major unexpected losses, such as those affected by hurricanes, wildfires, accidents, or other catastrophic events.

It could also benefit lower and middle-income families who lack adequate insurance coverage and have to absorb financial losses themselves. **Current Status:** HR 1306 was introduced by Representative Lois Frankel (D-FL) and is currently in committee, meaning it hasn't yet been debated or voted on by the full House of Representatives. It remains in the early stages of the legislative process.