HR 140 · in committee · significant
Hurricane Helene and Milton Tax Relief Act of 2025
- taxes
What this bill does
- This bill increases tax deductions for charitable donations to Hurricane Helene and Milton relief efforts up to 100% of income.
- It affects individuals and businesses who donated to hurricane relief and people impacted by the hurricanes in designated areas.
- The bill allows penalty-free retirement withdrawals up to $100,000 and higher retirement plan loans, effective through December 31, 2025.
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Community Threads
Started by Cosponsor
- 01
How should Congress balance providing tax relief to disaster victims against the revenue lost from increased charitable deductions and retirement withdrawals?
- 02
What criteria should determine which geographic areas and disaster relief organizations qualify for these enhanced tax benefits?
- 03
Could penalty-free retirement withdrawals of up to $100,000 create long-term financial security problems for disaster survivors rebuilding their lives?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-FL-16
Vern Buchanan
Citizen cosponsors
0
In Congress
1/ 435
House Reps cosponsoring
Introduced 2025-01-03
Joining the bill
Legislative timeline
2025-01-03 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-01-03 · IntroReferral
Introduced in House
2025-01-03 · IntroReferral
Introduced in House
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