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Ep #228 – Tax Relief for American Families and Workers Act of 2024

  1. Ep #228 - Tax Relief for American Families and Workers Act of 2024 Grant Bledsoe 27:59

When politicians draft tax reform bills I usually try not to pay attention until they become law, since so few actually do.  This tax reform bill is a little different.  The Tax Relief for American Families and Workers Act of 2024 is a bipartisan bill that got through the Ways & Means Committee with a vote of 40-3.  And since some of the tax changes would be retroactive to 2023, I figured it warranted some coverage.  You might want not want to file your tax return quite yet if any of these changes apply to you.

 

Links:

https://www.wolterskluwer.com/en/expert-insights/tax-relief-for-american-families-and-workers-act-of-2024

https://www.congress.gov/bill/118th-congress/house-bill/7024

https://tax.thomsonreuters.com/blog/understanding-the-tax-relief-for-american-families-and-workers-act-of-2024/

https://taxfoundation.org/blog/bipartisan-tax-deal-2024-tax-relief-american-families-workers-act/

Grant Bledsoe Financial Planner to Business Owners

I'm a financial planner to business owners, and the founder of Three Oaks Wealth. Our firm helps business owners align their business interests with their personal finances, often including the exit or sale of equity holdings.

I hold several professional credentials, including the CERTIFIED FINANCIAL PLANNER™, Chartered Financial Analyst, and Certified Exit Planning Advisor designations.

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