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Tax Relief For American Families And Workers Act Of 2024 Lexus Cars How EV Tax Credits Work Car and Driver: Employees may also One specific exemption that stands out is the โgift tax exclusion,โ which permits giving money or assets to friends or family members without incurring taxes. . U.S. lawmakers on Friday advanced a bill to enhance tax breaks for businesses and low-income families in a strong show of bipartisan .