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The Tax Relief for American Families and Workers Act of 2024 is a tax bill in the 118th United States Congress that would amend portions of the Internal Revenue Code of 1986. The bill was approved by the House of Representatives on January 31, 2024, by a bipartisan vote 357–70. [1]
The bipartisan tax bill passed the Republican-led House earlier this year, but has run into resistance from some Republicans in the Senate. ... 2024, instead of April 15, 2025. That provision is ...
Though the tax legislation passed Wednesday would not rise to the level of the boosted pandemic-era child tax credit, the bill would raise the refundable portion to $1,800 per child in 2023 ...
The bill would increase a tax credit for caregivers from $2,000 to $2,100 per child in 2024 and 2025. The U.S. House of Representatives could vote next week on a bipartisan tax package that ...
The temporary tax measure, which would increase the Child Tax Credit and reinstate income deductions on business research and development and certain capital investments through 2025, was approved ...
The House voted on Wednesday evening to pass a $78 billion bipartisan tax package that would temporarily expand the child tax credit and restore a number of business tax benefits.
Most of the bill’s provisions would apply retroactively to 2023 federal returns as well as 2024 and 2025 returns. ... bipartisan margin of 357-70, it ... a bigger tax refund if the bill passes. ...
This bill — if enacted — would serve as a stopgap of sorts ahead of a tax debate in 2025, which will center around an array of provisions in the 2017 Trump tax cuts that are set to expire on ...