EideBailly | 1 CPE | Tax Relief for American Families and Workers Act of 2024: Part Two
Join us for part two of our webinar series covering timely updates and recent developments in the Tax Relief for American Families and Workers Act of 2024 currently making its way through the House and Senate. Of particular interest to business taxpayers, the legislation includes provisions that would allow:
- Full expensing of domestic research costs for tax years beginning before 2026, including for 2022 and 2023
- 100% bonus depreciation for property placed in service in 2023 through 2025
- Use of EBITDA in lieu of EBIT in determining the amount of deductible business interest through 2025
Our National Tax Office Legislative Affairs Team will provide updates on the bill with a focus on how changes may affect you and your organization.