Tag: $78 billion tax package
-
A Tax Bill Passes The US House But It Has Been Stalled In The Senate, This Could Complicate Filing Season For Millions Of Taxpayers
Lack of direction and delay from Congress on a $78 billion package tax bill could complicate filing season for millions of taxpayers, especially small business owners and low-income families. Most of the provisions of the Tax Bill would apply retroactively to 2023 federal tax returns as well as 2024 and 2025 tax returns. The…
-
$78 Billion Tax Package: Expanding Child Tax Credit 2024 and Business Benefits
In a historic move the House approved a bipartisan $78 billion tax package on Wednesday, ushering in temporary expansions to the child tax credit 2024 and reinstating various business tax benefits. The bill with rare bipartisan backing now heads to the Senate under the watch of House Speaker Mike Johnson, who manages a slim majority.…