U.S. House passes disaster tax relief as part of spending bill
Hurricane Michael victims are one step closer to seeing disaster tax relief.
As part of a $1.4 trillion dollar spending bill, the U.S. House of representatives passed tax extenders and disaster tax relief Tuesday.
While filing for the 2018 tax year has passed, individuals have the option to amend their 2018 tax returns.
In a statement, local Congressman Neal Dunn said, "The passage of these crucial tax extenders is a big win for Hurricane Michael victims who are still picking up the pieces more than a year later. We finally got routine disaster tax relief across the finish line. This important legislation allows disaster victims to access money they have saved over the years without facing penalties and temporarily suspends limitations on charitable contributions to our area that are associated with hurricane relief. We still have a lot of rebuilding to do in the Panhandle, but the passage of this tax relief is an important part of the process.”
The legislation includes a military pay raise, funding for election security, gun research at the centers for disease control and prevention, and raises the federal tobacco purchasing age to 21.
The deal also maintains the current funding level of $1.37 billion dollars for a border wall.
The agreement would also repeal three health care taxes used to fund the affordable care act.
The senate needs to pass it and President Donald Trump needs to sign it by Friday to avert a government shutdown.