This bill amends the Internal Revenue Code of 1986 to allow disaster-affected taxpayers to elect to use their earned income from the preceding taxable year. This election applies specifically to determining eligibility for the earned income credit and the refundable portion of the child tax credit . The measure aims to ensure that families whose current year income is negatively impacted by a disaster can still access these crucial tax benefits. A taxpayer qualifies as "disaster-affected" if their principal place of abode or work is within a qualified disaster zone during a Presidentially declared major disaster, or if they are displaced from their home in a qualified disaster area due to such an event. This provision helps mitigate the financial hardship faced by individuals and families recovering from disasters by preventing a temporary income reduction from affecting their eligibility for these credits. The changes will apply to taxable years beginning after December 31, 2024.