Postpones federal tax deadlines and stops interest and penalties from building up for U.S. nationals who are wrongfully detained or held hostage abroad, and refunds penalties those people paid on or after January 1, 2021.

• Disregards the time an eligible U.S. national is detained or held hostage abroad when deciding whether tax deadlines were met and whether interest or penalties apply.
• Requires the Secretary of State and the Attorney General to give the Treasury Department lists of detained and hostage individuals by January 1, 2027, and every year after that.
• Directs Treasury to refund or abate interest and penalties paid by eligible individuals for periods from January 1, 2021 through the date of enactment, with notice to individuals within 90 days.
• Extends the refund claim window to one year after the notice is sent and applies the postponement to taxable years ending after the date of enactment.

• Ways and Means Committee (House)
• Finance Committee (Senate)

Taxation