End Double Taxation of Successful Consumer Claims Act

This bill creates a tax deduction for attorney fees paid in consumer protection lawsuits where a defendant is found liable for violating specific federal or state consumer laws. It directly affects consumers who win such cases and their attorneys, by allowing them to deduct these fees from taxable income instead of paying tax on them. The key provision amends the tax code to add an "above-the-line" deduction for fees related to violations of laws like the Truth in Lending Act, Fair Debt Collection Practices Act, and Fair Credit Reporting Act. This change removes a tax burden on the portion of settlement awards covering legal costs, ensuring consumers keep more of their recovery.