Search Results for keywords:"financial planning uncertainty"

Search Results: keywords:"financial planning uncertainty"

S. 4965 — To amend the Internal Revenue Code of 1986 to make the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to tax-exempt eligible small employers.
August 01, 2024
Status:Introduced in Senate
Congress:118
Words:1,120
S. 4965 aims to amend the Internal Revenue Code to extend certain tax credits to small tax-exempt employers. Specifically, it makes the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to these organizations. The bill...
Simple Explanation
S. 4965 wants to help small non-profit groups save money when they start a retirement plan for their workers, by giving them a special money-saving treat on their taxes. This treat will start after December 31, 2024, and it's like getting a little extra allowance that they don't have to pay back to help take care of their employees.
H. R. 8102 — To amend the Internal Revenue Code of 1986 to provide an above-the-line deduction for flood insurance premiums.
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April 20, 2024
Status:Introduced in House
Congress:118
Words:850
H. R. 8102, known as the "Flood Insurance Relief Act," proposes changes to the Internal Revenue Code to allow individuals to deduct flood insurance premiums from their taxable income. This deduction applies to premiums for insurance under the National Flood Insurance Program...
Simple Explanation
H. R. 8102 is a bill that would allow people to subtract flood insurance costs from their income when paying taxes, but only if they make less than $200,000 a year (or $400,000 if a couple).

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