What You May Be Able to Recover
The IRS allows tax deductions for theft and fraud losses in certain situations. If you lost money to a scam, you may be able to reduce your taxable income â which means getting money back when you file your return.
- Theft loss deductions can apply to money stolen through fraud, scams, and Ponzi schemes
- Losses from cryptocurrency scams and investment fraud may qualify under specific IRS provisions
- You may be able to amend prior-year returns to claim losses you didn't know were deductible
- Some victims recover thousands of dollars they would have otherwise lost forever
Important: Tax law changed significantly in 2017 with the Tax Cuts and Jobs Act (TCJA). The rules around personal theft loss deductions are complex and depend on your specific situation. This is not something to attempt on your own â you need a qualified tax professional to evaluate your case.
Who We Help
We work with scam victims of all kinds. If you lost money to fraud, we want to hear from you.
Why Choose Us
Licensed CPAs and Enrolled Agents
Your case is handled by credentialed tax professionals â not salespeople or paralegals.
We Specialize in Scam Victims
We understand the unique tax situations that arise from fraud. This is what we do every day.
Nationwide â All 50 States
We work remotely so we can help you no matter where you live. Everything is done securely online or by phone.
Free 15-Minute Consultation
No obligation, no pressure. We'll review your situation and tell you honestly if we can help.
Connected to NoScamForMe
We built the tool that catches scams. Now we're helping victims recover what they can through the tax code.
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