A provision restoring the tax deductibility of travel expenses of spouses who accompany partners on business trips is part of the inheritance tax/minimum wage bill passed by the House of Representatives last week.
The bill is now before the Senate, where action is expected before the summer recess.
H.R. 5970 makes the first $5 million of an estate’s value exempt from taxation and raises the federal minimum wage from $5.15 to $7.25 per hour. Among the many tax-related provision