House, Senate tax chiefs announce deal on business deductions, low-income credits

House, Senate tax chiefs announce deal on business deductions, low-income credits

Upworthy

Published

Top tax writers in Congress announced a deal Tuesday morning to beef up the child tax credit (CTC) and reinstate business deductions that were taken away to pay for the reduction of the corporate tax rate in the 2017 Tax Cuts and Jobs Act. The CTC expansion would increase the maximum credit per…

#taxcutsandjobsact #ctc #taiwanese #erc #mainstreet #jasonsmith #ronwyden #oregon

Full Article