The bill would make it easier for more families to qualify for the Child Tax Credit, along with increasing the amount from $1,600 per child to $1,800 in 2023; $1,900 in 2024; and $2,000 in 2025. It would also adjust the limit in future years to account for inflation. ...
Senate Tax Bill Could Be Unstuck in a Month.Reports on the bipartisan agreement reached in the U.S. Senate to pass a corporate-tax bill.EBSCO_bspWall Street Journal Eastern Edition
A bill is pending to increase tax credits for donors to the private school scholarships, from $120 million to $200 million a year. The bill under consideration Tuesday would allow parents to direct spending as they wanted, including for home-schooling. Students currently in public schoo...
Final Senate tax reform bill retains 162(m) changes, removes intermediate sanctions changesSteve SeeligPuneet AroraWilliam Kalten
Senate bill to avert a partial government shutdown beginning this weekend secured enough votes on Thursday to pass in the Democratic-majority chamber. Voting continued. (Reporting by Makini Brice and Richard Cowan) Copyright 2024 Thomson Reuters. Tags: United States Re...
Kinskey explained that the Senate decided to go with a set dollar value of a $200,000 tax credit on everyone’s homes, which means if your home is valued at $200,000 your tax bill would be $0. If your home is valued at $400,000 then your tax bill would be anything over the $...
The bill’s success in the Senate follows a nonbinding vote in March in favor of including the online sales tax legislation in the 2014 budget resolution. The new legislation would allow states and local governments to require large Internet retailers and other “remote sellers” with sales over...
Sen. James Lankford of Oklahoma is a conservative Republican who has opposed the tax bill, based on its impact on the national debt. But earlier this week, his office also said that Lankford was eager to work with his caucus to improve the bill. ...
Given the substantial differences between the House Bill and the Senate Bill, any tax reform legislation is likely to continue to change. We will continue to monitor the status of the legislation and provide updates as the legislative process...
As the Senate passed its tax bill just before 2 a.m. Saturday with only Republican support, Democrats criticized the middle-of-the-night vote that left them little time to read the text of the 479-page bill. The bill's text was released publicly Friday evening, with some additions and ...