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Bill would let Marylanders exclude scam losses from taxable income, AARP backs measure
2490518 · March 4, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Delegate Vogel and AARP Maryland supported legislation to prevent victims of scams and fraud from being taxed on stolen funds; proponents said victims should present a police report and that technical language (e.g., penalty of perjury) could be added to prevent misuse.
Delegate Vogel and AARP Maryland told the Ways and Means Committee on March 4 that victims of scams should not be taxed on stolen funds they never received.
The bill would allow victims to exclude amounts lost to fraud from their Maryland taxable income, aligning state tax treatment with proposed…
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