Tax Bill/Charitable Incentive Not Yet Included
January 22, 2024
A bipartisan package of tax provisions does not yet include restoration of the non-itemizer charitable giving incentive. The legislation would expand the refundable child tax credit, restore three tax benefits for businesses that had been repealed in the 2017 tax law, and increase subsidies for affordable housing. Leaders are working to enact measures before tax-filing season, preferably by attaching it to other legislation moving through Congress.