The House of Representatives recently passed a significant tax bill known as the Tax Relief for American Families and Workers Act, which has the potential to bring several tax breaks back to life. This legislation covers a wide range of tax provisions, including enhancements to the Child Tax Credit, full deduction of research and development expenses in the first year, 100% bonus depreciation, disaster tax relief, improvements in the Low Income Housing Tax Credit, interest expensing, and a tax agreement with Taiwan. However, its fate now rests with the Senate, where its passage remains uncertain.