H. R. 8007, known as the “Disaster Tax Lookback Parity Act of 2024,” aims to change the Internal Revenue Code of 1986. It proposes extending the postponement of some tax-related deadlines due to Federally declared disasters to also cover the time limits on requesting tax...
Simple Explanation
If a natural disaster happens, it might cause problems, like making it hard for people to file their taxes on time. This bill wants to make sure that if the government says it's okay to delay taxes because of a disaster, people also get more time to ask for money back from their taxes.