Tax Fairness for Survivors Act exempts sexual assault and harassment settlements from federal income tax.
The Tax Fairness for Survivors Act amends the Internal Revenue Code to exclude from gross income any judgments, awards, and settlements related to sexual assault or sexual harassment claims. This includes lump sum or periodic payments for back pay, front pay, punitive damages, attorney's fees, and other related payments. The bill applies to taxable years beginning after its enactment and mandates the Secretary to issue necessary regulations to distinguish these payments from other settlements.
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