Tax Relief for American Families and Workers Act of 2024 Roadmap

The House passed a bipartisan package (H.R. 7024) on Jan. 31, 2024, to revive expired business tax breaks and boost the child tax credit.

This roadmap provides a section-by-section summary of the tax provisions outlined in the new bill. You’ll get a breakdown of the Child Tax Credit, the deduction for domestic research and experimental expenditures, business interest expense limitation, 100% bonus depreciation extension, and more.

Download your copy to see how the bill impacts:

  • R&D expenditures
  • 163(j) (business interest expense)
  • Depreciation expense
  • The Child Tax Credit
  • Disaster relief
  • Affordable housing
  • Employee retention credit
  • Information reporting

Get your complimentary copy today.

Our best-in-class flagship Research product is only one of our innovative solutions that changes the game for tax department productivity – providing tax professionals with reliable and timely tax information as they develop.

To help you reduce risk, automate tedious work, and streamline your workflows – learn more about our cloud-based depreciation software, Bloomberg Tax Fixed Assets, that accurately calculates depreciation for you with built-in up-to-date tax laws. Learn More.

This site is protected by reCAPTCHA and the Google Privacy Policy, and Terms of Service apply.

By clicking download report, I agree to the privacy policy and to learn more about products and services from Bloomberg Industry Group.

Sending...