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.
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