The estimates from Helene and Milton are still being tallied. Adam Smith, an economist and meteorologist at NOAA’s National Center for Environmental Information, told the AP he believes Helene and Milton have "a very good shot" of joining the $50 billion list.

For Americans across the Southeast, who are still reeling from two major storms in less than two weeks, the IRS is offering some tax relief. Plus a key deadline extension: Entrepreneurs in the path of Hurricanes Helene and Milton no longer have to worry about today’s corporate tax-filing deadline.