Bill > HR2619

This bill, the "Tax Fairness for Disaster Victims Act", amends the Internal Revenue Code to allow certain individuals affected by a federally declared disaster to use their previous year's earned income and social security taxes when calculating the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC). Specifically, if an individual's earned income or social security taxes for the year that includes the disaster date are less than the previous year, they can use the higher amounts from the prior year when determining their EITC and ACTC. This is intended to provide tax relief to disaster victims whose income may have been disrupted by the disaster. The bill also treats any incorrect use of this "lookback" provision as a mathematical or clerical error, which can be corrected by the IRS.