On Jan. 16, House Ways and Means Committee Chair Jason Smith and Senate Finance Committee Chair Ron Wyden announced an agreement on a bipartisan tax relief package, The Tax Relief for American Families and Workers Act of 2024 (the Act), to defer changes to bonus depreciation, interest expense deductions, and the deduction of research or experimental costs, and to make changes to the Employee Retention Tax Credit (ERTC) and Low-Income Housing Tax Credit (LIHTC) programs. Continue reading >