Ways and Means Committee Throws Support Behind $78 Billion Tax Deal
CPA Practice
JANUARY 19, 2024
to increase the $10,000 cap on state and local tax deductions to $60,000. would also revive a trio of business tax incentives that were reduced to help lower the price tag of the 2017 tax law. It would also reinstate a more generous cap on interest payment deductions put in place by the 2017 tax law and phased out in 2022.
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