This bill is not law, but could affect your 2023 tax filings. Main family thing is a proposal to increase the refundable portion of the Child Tax Credit from $1,600 to $1,800. If you are someone with children and not enough taxable income that a portion is not refundable it may help to wait and see if this passes before filing.
For businesses the Domestic Research and Development Credit 5 year rather than 15 year write off would be extended through 2025, bonus depreciation of 100% also extended to 2025, currently 2023 would be 80%.
This bill also makes penalties for fraudulent Employee Retention Credit claims much more severe. For more see Tax Relief for American Families and Workers Act of 2024.