Tax Act 2024 Taxes. Last year, legislators approved a $12.7 billion package that included tax breaks for homeowners and money for school districts to lower how much they collect in property taxes. 2024 software update is available for different products of taxact.
But one thing is certain.all taxpayers are affected. The child tax credit was raised from $1,000 to $2,000 in 2017 when trump signed into law the tax cuts and jobs act, which expires in 2025.