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U.S. Congressional Budget Office Cost Estimate for Tax Relief for American Families and Workers Act of 2024

29 January 2024

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Proposed Changes

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United States

The U.S. Congressional Budget Office (CBO) has issued its cost estimate report on the Tax Relief for American Families and Workers Act of 2024 (Bill H.R. 7024). The Bill summary and main measures for companies are as follows: --- At a Glance H.R. 7024, Tax Relief for American Families and Workers Act of 2024 As reported by the House Committee on Ways and Means on January 23, 2024 The bill would Increase refunds under, expand eligibility for, and adjust the child tax credit to account for inflation for tax years 2023 through 2025 Allow businesses to deduct expenses for domestic...