Rep. Frankel Introduces Bipartisan Bill to Remove Tax Penalty on Payments to Survivors of Sexual Violence
August 06, 2024
August 06, 2024
WASHINGTON, Aug. 6 -- Rep. Lois Frankel, D-Florida, issued the following news release:
Representatives Lois Frankel (D-FL-22) and Claudia Tenney (R-NY-24) have introduced the Tax Fairness for Survivors Act, a bipartisan bill designed to remove the tax penalty on settlements, awards, and judgments paid to survivors of sexual harassment and assault. Current law exempts payments for damages due to physical and emotional injuries from physical injury cases from taxation. However, paymen . . .
Representatives Lois Frankel (D-FL-22) and Claudia Tenney (R-NY-24) have introduced the Tax Fairness for Survivors Act, a bipartisan bill designed to remove the tax penalty on settlements, awards, and judgments paid to survivors of sexual harassment and assault. Current law exempts payments for damages due to physical and emotional injuries from physical injury cases from taxation. However, paymen . . .