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Passed the House on January 31, 2024 (357-70) The Tax Relief for American Families and Workers Act of 2024 is a tax bill in the 118th United States Congress (H.R. 7024) that would amend portions of the Internal Revenue Code of 1986. The bill was approved by the House of Representatives on January 31, 2024, by a bipartisan vote 357–70.
The bipartisan vote also came after days of behind-the-scenes wrangling among members of Johnson’s Republican caucus over whether to amend the deal to address issues like the state and local tax ...
January 31, 2024 at 8:33 PM. Samuel Corum. WASHINGTON — The House voted Wednesday night to pass a $78 billion tax package that includes an expansion of the child tax credit, sending it to the ...
August 1, 2024 at 7:00 AM. WASHINGTON — The Democratic-led Senate will hold a key test vote Thursday on a bipartisan bill to expand the child tax credit and provide some tax breaks for ...
The child tax credit under the Tax Cuts and Jobs Act of 2017. Top plateau would be higher for more children. Under the Tax Cuts and Jobs Act of 2017 (TCJA), for the years 2018–2025 (excluding 2021, see below section Temporary Expansion in 2021) the CTC allows taxpayers to reduce their federal tax liabilities by $2,000 per qualifying child (see Eligibility).
The new tax bill that includes an expansion of the child tax credit and breaks for businesses ... 2024 at 3:31 PM ... its path is hazier in the Senate, where it will require 60 votes and some ...
July 29, 2024 at 6:00 PM. Senate Majority Leader Chuck Schumer (D-N.Y.) is teeing up a vote on the House’s bill to expand the child tax credit (CTC) later this week, potentially putting a cap on ...
August 1, 2024 at 12:07 PM. A bill aimed at expanding the child tax credit for millions of families and implementing business tax breaks failed to progress through the Senate during a key test ...