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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