New Tax Bills

Creates a tax credit for sellers who pay acquisition costs for first-time buyers.

Allows taxpayers to deduct taxes and state fees on their utility bills.

Extends the health coverage tax credit for eligible individuals until 2030.

Creates tax-deductible savings accounts for first-time homebuyers.

Limits IRS staff participation in taxpayer appeal conferences without consent.

Creates a new yearly tax on the net worth of very wealthy individuals.

Requires the IRS to improve its online services and taxpayer communication.

Improves the IRS program that rewards people for reporting tax cheating.

Allows married couples to each claim the full student loan interest deduction.

Changes tax rules for investment income for high earners and inherited property.