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The measure now heads to the Senate where lackluster Republican support threatens to sink it.
February 1 -
The House passed tax extenders legislation that revives the enhanced Child Tax Credit, the ability to fully deduct R&D expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.
January 31 -
Speaker Mike Johnson will allow a vote on a $78 billion business and child tax break bill, siding with corporations over a group of Republicans who objected to the package negotiated with Senate Democrats.
January 31 -
As the Internal Revenue Service and tax professionals prepare for the start of tax season, last-minute tax law changes are possible thanks to a deal working its way through Congress.
January 26 -
A growing divide is emerging between Republicans and the business interests the GOP once unflinchingly championed.
January 26 -
As the Internal Revenue Service develops guidance to implement these statutory requirements, it is finding it necessary to make some compromises.
January 25Wolters Kluwer Tax & Accounting -
The House Ways and Means Committee reported the text of the Tax Relief for Workers and Families Act after voting last week to advance the bipartisan bill.
January 24 -
An inside look at the Tax Relief for American Families and Workers Act of 2024 as it works its way through Congress.
January 23 -
The Internal Revenue Service and the Treasury released information on tax incentives for installing electric vehicle charging stations and where they can be located.
January 19 -
Congress moved one step closer to enacting $78 billion in business and child tax breaks Friday, although election-year politics add risk to the legislation's prospects.
January 19