The Disaster Survivors Tax Relief and Recovery Act provides tax relief for people affected by federal disasters. It helps them qualify for tax credits and allows for larger deductions on charitable donations.
If you were affected by a federal disaster, you may be able to get more tax benefits this year.
Who this affects
Individuals · Families
What changes is this bill making?
1This bill allows certain disaster survivors to use their previous year's income for tax credits.
2It helps individuals whose homes were affected by federal disasters to qualify for more tax benefits.
3The bill also temporarily removes limits on cash donations made for disaster relief.
4Individuals and corporations can deduct more for their charitable contributions related to disasters.
5It ensures that tax rules are easier for those impacted by disasters during the recovery period.
