H.R. 140, also known as the "Hurricane Helene and Milton Tax Relief Act of 2025," aims to provide tax relief to individuals affected by Hurricanes Helene and Milton. It allows eligible people to use their previous year's income to claim the Earned Income Tax Credit and...
Simple Explanation
H.R. 140 is like a helping hand for people who were caught in big storms named Helene and Milton. It lets them use special money rules, like pretending they earned more money last year to get extra help when they lost some this year, and gives them more freedom to use their savings without penalties.