Congress has passed, and the President has signed, a bill that extends many tax provisions that expired on December 31, 2014. The extensions are retroactive to January 1, 2015. Some of the provisions are made permanent; others are extended until December 31, 2016. The following list contains the provisions that are most commonly used by our clients:
If you have any questions about one of these items, or about one of the provisions that is not included here, please call one of our CPAs!