To amend the Internal Revenue Code of 1986 to provide a lookback rule in the case of certain federally declared disasters for amounts related to earned income for purposes of determining certain tax credits.
About This Bill
Committee
Latest Action · April 13, 2023
Referred to the House Committee on Ways and Means.
Tax Fairness for Disaster Victims Act
This bill allows individual taxpayers living in a disaster area to use earned income from a preceding taxable year for purposes of calculating the earned income tax credit. The bill applies if current year income is disrupted by a disaster and is less than the income of the preceding taxable year.
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