tax deduction for scams

Scam of the day – October 25, 2025 – Income Tax Implications of Being Scammed

by Steven Weisman, Esq. | Oct 24, 2025 | Scam of the day

It is bad enough to be scammed, but to have to pay income taxes on money you have been scammed out of certainly adds insult to injury. Prior to 2017 if a scammer convinced you to take money out of your retirement accounts and send the funds to the scammer, you could...

tax deduction for scams

Scam of the day – October 25, 2025 – Income Tax Implications of Being Scammed

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