December 21st, 2015
TAX TIP OF THE DAY... 2015 Tax Extenders signed into law
Thumbs down to our Washington DC politicians for passing a 2015 tax law as LATE as December 2015. Anyone else would be FIRED for turning in an important project affecting millions of people ONE YEAR LATE.
The new tax law extends a number of important tax provisions, and makes several of them permanent. The law includes $680 billion in revived tax breaks over the next 10 years. A number of them were made permanent, including those for small business equipment expensing, individual sales tax deductions, tuition credits and educator supply deductions. Here are the details...
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David S. Baboian, CPA