WASHINGTON — The Senate may soon consider a three-year tax package that includes financial benefits for both large and small trucking companies. It passed the U.S. House of Representatives with strong bipartisan support.
The Tax Relief for American Families and Workers Act of 2024,approved in the House by a vote of357-70 on Jan. 31, allowsaccelerateddepreciation for capital investments and provides more generous deductions for interest expenses — provisions that extend expiring benefits that...
https://www.freightwaves.com/news/new-tax-plan-could-ease-investment-burden-for-truckers