On January 19, 2024, the House Ways and Means Committee approved the bipartisan tax legislation, “The Tax Relief For American Families and Workers Act of 2024”. Two proposed changes to.
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Dubbed the Tax Relief for American Families and Workers Act of 2024, this plan is the outcome of extended negotiations between Republicans and Democrats. If enacted, it would resurrect the child tax credit from the 2021 American Rescue Plan Act.