Irs Path Act 2024. The path act renewed expiring tax extenders, and made permanent business cost recovery and r&d provisions, as well as child tax credit and eitc provisions. The protecting americans from tax hikes (path) act affects taxpayers who use an individual taxpayer identification number (itin), rather than a social security number, to file.
The protecting americans from tax hikes (path) act made dozens of changes to the tax code. For many people, the path act is primarily known for current irs requirements that curb tax fraud and improper tax refunds, particularly with regard to the additional child tax credit,.