Rush orders, cut costs, crossed fingers: How small businesses are preparing for tariffs
House considers expanding state tax deduction for some families
The House is deliberating on a proposed legislation that would expand state tax deductions for certain families. If passed, this modification would allow eligible families to deduct more of their state taxes from their federal taxable income. The proposal is geared towards offering financial relief to families, particularly those who live in states with higher state tax rates. As the discussion in the House continues, the specifics of which families will qualify and how much they will stand to benefit are to be clarified. It’s important for families to stay updated