Tax Relief for Victims of Crimes, Scams, and Disasters Act

Reinstates the personal casualty loss deduction that had been suspended and makes that change effective retroactively for taxable years beginning after December 31, 2017. It also gives certain taxpayers extra time to file claims for credits or refunds tied to casualty losses that were disallowed while the deduction was suspended, by extending the statute of limitations for those specific claims until the filing date of the return that includes the law’s enactment.