A $78 billion tax package with major benefits for
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Posted On: 01/24/2024 5:49:54 AM
A $78 billion tax package with major benefits for companies took a significant step towards becoming law.
The package includes allowing the immediate expensing of research and development costs, and allowing machines, equipment, and vehicles to be fully and immediately expensed.
The bill also expands the child tax credit by adjusting it for inflation and allowing Americans who don’t have a tax bill to get the credit as a refund.
The package includes allowing the immediate expensing of research and development costs, and allowing machines, equipment, and vehicles to be fully and immediately expensed.
The bill also expands the child tax credit by adjusting it for inflation and allowing Americans who don’t have a tax bill to get the credit as a refund.
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