Hurricane Helene and Milton Tax Relief Act of 2024

This bill provides tax relief for individuals who lived in areas affected by Hurricanes Helene and Milton during September 28-November 2, 2024, and suffered economic losses. It allows taxpayers to use their previous year's income to calculate the Earned Income Credit, increases limits on charitable contributions for disaster relief, and permits penalty-free withdrawals up to $100,000 from retirement accounts with repayment options within three years. The bill also establishes special rules for claiming hurricane-related personal casualty losses. These provisions apply to residents of areas declared disaster zones by the President under the Stafford Act due to these hurricanes.