Proposed Bipartisan 税 Plan Released – Overview of the 税 Relief for American Families and Workers Act of 2024

Learn more about the proposed 税 Relief for American Families and Workers Act of 2024 and the highlights included within the Act.

1月16日, 2024, the websites of the United States Senate Committee on Finance and the United States House Committee on Ways and Means, 参议院财政委员会主席罗恩·怀登(俄勒冈州民主党人).)和众议院筹款委员会主席杰森·史密斯(密苏里州共和党).)共同宣布了“一个常识”, 两党, bicameral 税 framework that promotes the financial security of working families, 促进经济增长和美国的竞争力, 并加强社区和主要街道企业.”  

这个计划, introduced as The 税 Relief for American Families and Workers Act of 2024 (the Act), generally proposes to revive expired breaks for businesses and increase the child 税 credit for low-income families (but also includes disaster relief provisions and other 税 relief measures). Congress hopes to push the roughly $80 billion in 税 breaks through Congress in the next few weeks (before the January 29, 2024年税收季节开始)，部分法案具有追溯效力. The agreed-to framework proposes to pay for the 税 breaks by cutting off new claims for the COVID-19 era employee retention credit program filed after January 31, 2024.

法案亮点

通过提高儿童税收抵免来支持工薪家庭

• Expands access to the child 税 credit: phased increase to the refundable portion of the child 税 credit for 2023, 2024, 和2025年.
• 取消对大家庭的惩罚, allowing the child 税 credit phase-in to be available to families with multiple children.
• 提供一年的收入回顾, creating flexibility for 税payers to use either current or prior-year earned income to calculate the child 税 credit in 2024 or 2025. 
• 从2024年开始，将税收抵免与通货膨胀挂钩.

通过促进增长的经济政策扩大创新和竞争力

• 追溯允许立即扣除研究费用 & 开发(R&D) expenditures, allowing businesses of all sizes to immediately deduct the cost of their U.S.基于R&D投资. The bill delays, rather than eliminates, the requirement to capitalize and amortize U.S. 基于R&D至2026年. 这项规定没有改变目前对非美国公民的要求.S. 基于研究的活动. 
• Retroactively expands the ability to deduct business Interest expense by allowing depreciation and amortization deductions in the computation of adjusted 税able income through 2025. 2022年和2023年的规定是可选的. 
• 为机器投资提供全额和即时费用, 设备, and vehicles by extending the 100% bonus depreciation provision generally through 2025 and by increasing the Section 179 expensing allowance beginning in 2024.

提高全球竞争力

• 为目前对美国的双重征税提供了救济.S. -台湾跨境投资. 

提供救灾bet9平台游戏 

• Extends previous rules for qualified disaster related personal casualty losses, including eliminating the requirement that casualty losses must exceed 10% of adjusted gross income (AGI) to qualify for the deduction, 要求每次伤亡损失超过500美元才可免赔, and allowing 税payers to claim the casualty loss deduction “above the line,” i.e.，而不逐项列出扣除项目.
• Provides exclusions from gross income for payments for losses or damages resulting from certain wildfires and the East Palestine, 俄亥俄州火车脱轨. 

经济适用房

• 将低收入住房税收抵免上限恢复到12.从2023年的9%到2025年的5%. 
• 降低免税债券融资要求. 

终止雇员保留税抵免计划

• Accelerates the deadline for filing claims under the COVID-era employee retention 税 credit program to January 31, 2024. 

One important measure left out of the proposal advocated by some politicians is an increase to the State and Local 税 deduction limitation. 目前扣除额限制在1万美元. 

最后, there is no guarantee that the proposed legislation embodied by the framework in its current form will make it past both the House and Senate, 更不用说由总统签署了. 

我们将继续密切关注事态发展, providing status updates and insights regarding appropriate actions once any provisions become law. 

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