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Tax Relief for American Families and Workers Act (HR 7024)

Score:

69

%

Federal

2024

Latest Action:

Updated:

Chamber:

This bill includes enhancing the Child Tax Credit with increased refunds and inflation adjustments, and allowing full expensing for domestic R&D. It proposes tax agreements to prevent double taxation, extends favorable tax treatments for disaster-impacted communities like wildfire compensation exclusions, and increases the state housing credit ceiling for low-income housing tax credits. Each section aims to support families, encourage innovation, and provide relief.

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