The bill would pause certain federal tax deadlines for U.S. nationals unlawfully or wrongfully detained or held hostage abroad. The pause would also apply to their spouses. It would require refunds or cancellation of certain tax penalties and interest charged during detention, including for eligible cases dating back to January 1, 2021. Eligible individuals, their spouses, or dependents could apply for refunds or abatements under a program the Treasury Secretary would establish.
If you are a qualifying U.S. national who was detained or held hostage abroad, the bill could give you more time to meet certain tax deadlines and could allow you or eligible family members to seek refunds or cancellation of certain charges. Eligibility would depend on the bill’s criteria and official identification of qualifying individuals.
The bill does not state a total cost. It would require refunds or cancellation of qualifying tax charges.
No publicly available information.
No publicly available information.