Tag: Income Tax Deduction

The State Assembly has recently approved a bill presented by Assemblywoman DiAnne Gove and Assemblyman Brian Rumpf. Aiming to provide a $2,000 income tax deduction for volunteer firefighters and first aid or rescue squad members who meet specific criteria related to their work hours and training involvement The bill’s primary objective, identified as A757, is…

U.S. Representative Blake Moore from Utah has introduced a new bill in the House of Representatives aimed at promoting small business growth. One of the key provisions of Moore’s proposal is to double the income tax deduction for equipment purchases from $1 million to $2 million The proposed legislation, known as the Small Business Growth…