Is The Path Act Still In Effect For 2024 In Virginia. However, the result of the path act is that individuals and families who file tax returns claiming these credits have to wait. The path act permanently extends the research and development (r&d) tax credit, giving businesses that invest in research a tax break.

The path act of 2015 created, extended, or improved several tax breaks that still benefit taxpayers today. H&r block explains how path act may affect your tax refund this year.