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AARP backs bill to let scam victims deduct stolen funds from taxable income
Ways and Means Committee · January 29, 2026
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Summary
HB 124 would permit victims of financial scams to deduct stolen funds from gross income; AARP Maryland supported the move citing the emotional and fiscal harm to seniors and urged protections against further injury from taxation on stolen funds.
Delegate Vogel introduced House Bill 124 to allow victims of financial fraud to deduct amounts stolen from retirement accounts or other personal funds from gross income for state tax purposes.
Karen Morgan, a volunteer with AARP Maryland, testified in strong support. She…
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