Survivor Justice Tax Prevention Act
H.R. 2347, headed up by Representatives Lloyd Smucker (R-PA) and Gwen Moore (D-WI), would revise the treatment of damages received by sexual assault survivors. It would do so by amending IRC § 104(a)(2), which currently allows damages received on account of physical injuries to be excluded from gross income, to also allow exclusion for sexual-assault related damages.
Smucker explained that the bill “corrects a provision in the law that can treat physical injury differently than sexual assault.” He added that the change “provides victims of sexual assault greater tax certainty without forcing them to fight with the IRS and relive the trauma of their case.”
To dig deeper, visit the original article on the Thomson Reuters blog.