01/15/2026 | Press release | Distributed by Public on 01/16/2026 14:32
The AICPA sent a letter to Representative Sara Jacobs (D - California) and Senator Amy Klobuchar (D - Minnesota) to express support for introduction of companion bills H.R. 6645 /S. 3432, the Working Families Disaster Tax Relief Act. The legislation would allow individuals impacted by federally declared disasters to elect the prior year's earned income for purposes of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).