Exploring the Impact of the 2024 Tax Relief Act
Update: 2024-01-30
Description
Today, we're exploring the intricacies of the latest congressional act stirring up Washington—The Tax Relief for American Families and Workers Act of 2024.
Erica York, Senior Economist and Research Director at the Tax Foundation, joins Kyle Hulehan to dissect its key features, including the restoration of crucial business investment provisions, an expansion of the Child Tax Credit, and changes to pandemic-era tax credits.
The conversation also sheds a light on the act's temporary and retroactive dimensions, which could leave taxpayers in uncertain, and confusing, territory.
Links:
- https://taxfoundation.org/blog/bipartisan-tax-deal-2024-tax-relief-american-families-workers-act/
- https://taxfoundation.org/blog/bipartisan-tax-deal-revenue-challenges/
- https://taxfoundation.org/research/all/federal/making-2017-tax-reform-permanent/
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