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Expert Analysis

Unpacking The Bill To Extend TCJA's Biz-Friendly Tax Breaks

By Nazmiye Gökçebay, Tracy Grais and Patrick Hasson (April 26, 2024, 4:29 PM EDT) -- In January 2024, the U.S. House of Representatives adopted H.R. 7024, which, among other things, would extend certain expiring, or expired, business-friendly tax provisions of the Tax Cuts and Jobs Act, and enhance the child tax credit — including by retroactively increasing the maximum refundable portion of the credit for 2023....

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