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Tax Relief for Hurricane Helene and Milton Victims

This act introduces various tax reliefs for individuals and businesses affected by Hurricanes Helene and Milton. It includes provisions for earned income credit, increased limits for charitable contributions, and special rules for using retirement funds to aid in disaster recovery.
Key points
Individuals affected by the hurricanes can elect to calculate their earned income credit based on their prior year's income if it was higher, potentially increasing their tax refund.
Increased limits for cash charitable contributions for hurricane relief are introduced, and contributions made by April 15, 2025, can be treated as made in 2024.
Access to retirement funds without penalties is facilitated, up to $100,000, with a 3-year repayment option. Loan repayments from retirement plans can also be delayed.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_140
Sponsor: Rep. Buchanan, Vern [R-FL-16]
Process start date: 2025-01-03
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Hurricane Helene and Milton Tax Relief Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_140.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-01-03.

What are the main provisions?

Key points include:

  • Individuals affected by the hurricanes can elect to calculate their earned income credit based on their prior year's income if it was higher, potentially increasing their tax refund.
  • Increased limits for cash charitable contributions for hurricane relief are introduced, and contributions made by April 15, 2025, can be treated as made in 2024.
  • Access to retirement funds without penalties is facilitated, up to $100,000, with a 3-year repayment option. Loan repayments from retirement plans can also be delayed.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Buchanan, Vern [R-FL-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

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