Lawmakers strike agreement on last-minute tax package

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Lawmakers unveiled a last-minute tax plan this morning that would extend numerous tax breaks

benefits known as extenders, kill a controversial church parking levy and offer tax breaks to disaster victims.

The legislation would also extend temporary cuts in alcohol taxes made as part of the TCJA, as well as continue a new break that law created for companies that offer their workers paid family leave. And it would also offer people hit by natural disasters various tax breaks, such as making it easier for them to tap funds in retirement accounts.

 

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