Tax Technical Talk Thoughts on Tax Relief for American Families and Workers Act of 2024

18/03/2025 1h 2min
Tax Technical Talk Thoughts on Tax Relief for American Families and Workers Act of 2024

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Episode Synopsis

Tax Technical Talk: Thoughts on the Tax Relief for American Families & Workers Act of 2024 🎙️💡In this episode, Miguel, Ashton, Paul, and Ishan break down the key provisions of the Tax Relief for American Families and Workers Act of 2024 and what they mean for both individuals and small businesses. From bonus depreciation extensions to child tax credit enhancements, we explore how these changes aim to provide relief amid economic challenges.📊 Subtopics Covered:How the Act enhances tax benefits for small businesses & individuals in 2024-2025Relief measures for lower-income taxpayers facing inflationBonus depreciation extension & simplified R&E deductionsChild tax credit updates & penalty adjustments✅ Stay informed on how these tax updates may impact your finances!Keywords: Tax Relief 2024, American Families and Workers Act, small business tax benefits, bonus depreciation extension, child tax credit 2024, R&E deduction changes, tax law updates 2025.