Summary of the Tax Relief for American Families & Workers Act of 2024

On Wednesday, January 31, 美国众议院以357票对70票通过了《欧洲杯猜球网址》. As summarized below, 该法案包括对家庭和企业的几项重大税收优惠. Importantly, 其中一些规定可追溯至以前的纳税年度, including 2023, and, if enacted, would impact the filing of income tax returns for 2023.

The Bill will now go the Senate where its fate is uncertain. While Senate Democrats are working to pass the package, 参议院共和党人对该法案中较高的儿童税收抵免的成本表示担忧. In addition, 在现行法律下，有一个欧洲杯猜球网址州和地方税(“SALT”)扣除限额的问题. A bipartisan SALT Caucus, which included lawmakers from states with high taxes, is pushing to raise the SALT deduction limit from $10,000 to $20,000. 为了安抚这个核心小组，众议院已经承诺对SALT救济进行单独投票. In addition to these potential political obstacles, 由于美国国税局已经开启了2023年纳税申报季节，并且该法案中的追溯规定可能会影响相当数量的纳税申报，因此存在实际的税务合规考虑.

我们将继续关注这项和其他主要的税收建议，并及时提供最新信息.

Summary

以下是众议院1月31日通过的《欧洲杯猜球网址》中相关条款的摘要:

Business tax provisions

• Current expensing of domestic research expenses: 该框架协议将允许纳税人扣除在12月31日之后开始的纳税年度中支付或发生的目前国内研究或实验费用, 2021, and before January 1, 2026. 在美国境外进行的研究或实验费用将在15年内继续扣除.

目前没有欧洲杯猜球网址如何在已提交报税表的适用纳税年度中申请扣除的指导. This will likely require filing an amended return.

• Favorable calculation interest deductions limitation: 框架协议将扩大利息扣减的适用范围，而不考虑允许折旧的任何扣减, amortization, or depletion (i.e., earnings before interest, taxes, depreciation, and amortization (EBITDA)) to tax years beginning after December 31, 2023 (and, if elected, for tax years beginning after December 31, 2021), and before January 1, 2026.
• Extension of 100% bonus depreciation: 框架协议将延长12月31日之后投入使用的合格物业的100%奖金折旧, 2022, and before January 1, 2026 (January 1, 2027, (适用于生产周期较长的财产及若干飞机)及在十二月三十一日以后种植或嫁接的指明植物, 2022, and before January 1, 2026. 该协议将保留12月31日之后投入使用的物业20%的折旧奖金, 2025, and before January 1, 2027 (after December 31, 2026, and before January 1, 2028, for longer production period property and certain aircraft), 以及在十二月三十一日以后种植或嫁接的指定植物, 2025, and before January 1, 2027.
• Increased Section 179 expense deduction: The agreement increases the Section 179 deduction limit to $1.2,900万美元，按收购资产成本超过3美元的数额扣减.22 million. 从2024年开始的纳税年度，这两个金额都要根据纳税年度的变化进行调整.

Individual tax provision

• Increased Child Tax Credit: 该法案将修改可退还部分抵税额的计算方式，以包括2023年符合条件的每个孩子, 2024 and 2025. 2024年和2025年，每个孩子的抵免额将从2000美元增加到2100美元. 它还将增加“可退还”的税收抵免金额," or available as a cash payment to those who don't owe taxes.

The refundable portion would rise by $200 to $1,800 per child for the 2023 tax year, $1,900 in 2024 and $2,000 in 2025. The credit will be adjusted for inflation in 2024 and 2025.

This expansion would expire in 2026.

Miscellaneous provisions

• Low-income housing: Restore the 12.将2023年至2025年的低收入住房税收抵免上限提高5%，至9%, 允许各州为经济适用房开发商提供更多信贷. Lower the threshold for a project to receive a 4% low-income housing tax credit; option would apply if 30% or more of the building and land are financed by tax-exempt private activity bonds, down from the existing 50% threshold.
• 1099-NEC and 1099-MISC reporting: 通常将1099- nec和1099-MISC表格的报告门槛提高到至少1美元,000, from $600, 从2024日历年开始，为独立承包商提供的服务支付的商业费用
  
  Adjust the reporting threshold for inflation beginning in 2025.

通过加速取消雇员保留抵免提供资金

该框架成本的很大一部分资金将来自取消1月31日之后申请员工保留抵免的能力, 2024.

Under current rules, 符合ERC资格的企业可以在4月15日之前提出索赔, 2024, for qualified wages paid between March 13 and December 31, 2020, and (2) until April 15, 2025, for qualified wages paid between January 1, 2021, and
September 30, 2021.

拟议的税收法案的当前版本将要求提交ERC(针对2020年或2021年支付的合格工资)的所有索赔 on or before January 31, 2024这意味着对于尚未提出索赔的纳税人来说，实际上没有时间这样做. 即使众议院和参议院修改了法案，最后期限也会改变, considering the ongoing skepticism and scrutiny of ERC claims, 如果最终的税收方案包括某种形式的加速ERC截止日期，也就不足为奇了. 
Therefore, 正在考虑向ERC提交索赔的纳税人应迅速采取行动，收集相关信息并提交精心准备的索赔.

Please refer to our prior blog articles - ERC Moratorium and ERC Voluntary Disclosure Program – for the latest news regarding ERC claims.

Conclusion

《欧洲杯猜球网址》是一项重要的税收立法，由于该法案中的追溯性条款将对许多纳税人和工人产生重大影响, importantly, the filing of tax returns for 2023. 如果该法案获得通过，美国国税局将需要在2023年纳税申报表可以接受之前迅速修改和更新联邦税收系统. As a result, 申报截止日期可能会推迟，税务合规压力也会加大.

Currently, 看来最好的办法是保持耐心，跟上未来的发展. 我们会密切监察条例草案，并在有需要时提供最新资料.

For further clarification or inquiries regarding this article, please contact your 欧洲杯猜球网址 tax advisor.

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Article Contributed by Barry Groebel.