Tag: Employee Retention Tax Credit
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$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.…
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The Impact of the Employee Retention Tax Credit on Your Retirement Savings
It was developed to help companies that, at the height of the coronavirus epidemic, had to partially or totally suspend operations or experience a dramatic reduction in revenue.