Working Families Disaster Tax Relief Act

More tax help for disaster-hit families

You would be able to use last year’s earned income to figure your Child Tax Credit and Earned Income Tax Credit. This would apply to taxable years beginning after December 31, 2024. You must be a "disaster-affected taxpayer" — your main home or main work was in a Presidentially declared disaster zone during the incident period, or you were displaced from your home in the declared area. To make the change you would elect to substitute the preceding taxable year in the credit rules; the bill ties disaster terms to a Presidential major disaster under the Stafford Act.