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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 (H.R. 7024) 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 advancement of the bill, formally known as the Tax Relief for American Families and Workers Act of 2024, was a notable win for the House Ways and Means Committee’s GOP leader, Jason Smith of ...
The Tax Relief for American Families and Workers Act of 2024 includes a trio of business deductions that could impact 33 million small businesses and an expansion of the child tax credit, which is ...
The Tax Relief for American Families and Workers Act is a pro-growth, pro-worker, pro-American bill that will help millions of families struggling in today’s economy.
In January 2024, the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act of 2024 by a vote of 357-70, which includes provisions impacting Section 42 of the U.S. Tax Code, the law governing LIHTC. The legislation would restore an expired 12.5% allocation increase to each state’s Housing Credit ceiling and ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
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