Expired business tax breaks would be restored and the child tax credit would be enhanced through 2025 under the House-passed
The measure would restore three key business incentives related to research and development, bonus depreciation, and interest expenses, all of which were modified by Republicans’ 2017 tax law (
It would increase the refundable portion of the child tax credit and direct the Treasury Department to redetermine a taxpayer’s child tax credit for early filers based on changes made by the measure.
The measure also includes bipartisan priorities to reduce double taxation of ...