Search Results for keywords:"income reporting threshold"

Search Results: keywords:"income reporting threshold"

H. R. 7024 — An Act To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes.
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January 31, 2024
Status:Engrossed in House
Congress:118
Words:16,781
The Tax Relief for American Families and Workers Act of 2024 focuses on enhancing the child tax credit, providing tax incentives for economic growth, and enabling special tax rules for certain Taiwanese residents with U.S. income. It also includes provisions for tax relief in...
Simple Explanation
The Tax Relief for American Families and Workers Act of 2024 is like a new set of rules to help more families get extra money when they have kids, make it easier for businesses to grow, and help people in Taiwan who earn money in America. It also makes sure people and businesses can't use tricks to avoid paying their fair share of taxes.

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