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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.
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 ...
The Senate passed the final bill, 51–48, on December 20, 2017; all Senate Republicans voted for the bill except Sen. John McCain, who was absent for health reasons. [91] On the same day, a re-vote was held in the House; the bill passed, 224–201. [92] [93] President Trump then signed the bill into law on December 22, 2017. [94]
Taxpayers claiming the child tax credit could get a bigger tax refund if the bill passes. But before getting a refund, many must decide whether file an uncertain return or wait for more guidance.
The bill, which includes provisions on tax, health care, and climate and energy spending, was introduced in the Senate as an amendment to the Build Back Better Act. On August 7, the Senate passed the bill on a 50–50 vote with Vice President Harris breaking the tie. [193] On August 12, 2022, the House passed the bill on a 220–207 vote. [194]
Senate Republicans on Thursday blocked a bipartisan tax package that would have temporarily expanded the child tax credit and restored some business tax benefits. The bill failed to advance in a ...
The Schumer-Manchin tax bill passed the Senate as part of the Inflation Reduction Act on Sunday. According to legislative documents, the bill will raise taxes and boost the IRS by an estimated $80 ...
The bill was passed 220–213 by the House of Representatives on November 19, 2021. ... and fostered the growth of a new tax credit compliance industry.