H.R. 918 is a bill that aims to amend the Internal Revenue Code of 1986 to make the deduction for mortgage insurance premiums a permanent feature. Previously, taxpayers could deduct mortgage insurance premiums from their taxable income, but this wasn't permanent. The bill...
H.R. 918 is a bill that lets people keep saving money when they pay for special insurance to help with their house loans, and it means they can always get this saving from their taxes, even after 2024.
S. 674 proposes changes to the Internal Revenue Code of 1986 to exclude certain grants for broadband deployment from being counted as gross income, effectively making them non-taxable. The bill outlines specific types of grants, such as those from federal and state broadband...
S. 674 is a proposed bill that wants to make sure that some special money given for building better internet connections isn't taxed, so companies don't have to pay more taxes when they use that money to make the internet better. But, it also means those companies can't claim extra tax savings for spending that money on their projects.
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