The unofficial deadline of April 15 for the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024), the tax deal authored by Senate Finance Committee Chairman Ron Wyden.
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced.
The package would beef up the benefit in exchange for reupping tax breaks for businesses. But an agreement would still face high hurdles passing Congress.
Two years after the expiration of the expanded child tax credit, a pandemic-era policy that temporarily but dramatically lowered child poverty rates, federal lawmakers are close to a bipartisan deal that may reinstate some version of the credit.Leaders of the tax-writing committees in the House and Senate are working on a deal to expand the existing child tax credit in exchange for extending certain business tax credits, including a popular credit related to research and development that expired
As Congress heads into 2024 and President Biden starts the last year of his term, a host of tax issues remain unaddressed, including a much-anticipated expiring tax provisions package,.