Watch Out for These Potential Tax Changes in 2024

Analysis March 04, 2024 at 02:27 PM
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What You Need To Know

  • The Tax Relief for American Families and Workers Act has a number of provisions that could affect business-owner clients.
  • Even if the bill continues to stall in the Senate, these popular tax breaks are likely to come under discussion again.
  • Your business clients might be able to combine bonus depreciation with a Section 179 deduction to maximize the tax benefit of purchases.
Business owner recording expenses for tax purposes, on a laptop