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Businesses eager for a tax deal announced by two powerful U.S. lawmakers can't yet bank on the corporate breaks.
January 16 -
The chairs of Congress' two main tax committees announced a deal to extend a number of expired tax credits and tax breaks, including the expanded Child Tax Credit.
January 16 -
Lawmakers are trying to drum up support to allow a debate on raising the state and local tax deduction cap as bipartisan tax package negotiations leave out those proposals.
January 12 -
Negotiators are nearing a bipartisan deal in time for many voters to receive the benefits during the current election year.
January 11 -
Businesses eager to see Congress revive expired research and investment tax breaks have reason for optimism that a deal could come together as soon as this month.
January 5 -
Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.
October 2 -
Republicans — who are expected to control the House as of January — want tax breaks for private equity, manufacturers and businesses. For their part, Democrats want to expand the child tax credit.
November 15 -
Tax experts are hypothesizing what will happen in Congress during the lame-duck session and over the next two years.
November 11 -
Advocates are pushing to restore the $20,000 threshold for reporting transactions from payment cards and third-party networks after it was lowered to just $600.
September 15 -
Tax professionals and their clients are dealing with extra challenges this tax season from tax breaks that ended last year and haven’t yet been extended, including the enhanced Child Tax Credit.
February 24