Passed at
the last minute by Congress, the Tax Increase Prevention Act of 2014 extends
retroactively for one year (through 2014) a series of popular tax incentives
that had expired at the end of 2013. Taxpayers will be able to claim these tax
incentives on their 2014 tax returns, filed in 2015. Action to extend beyond
2014 or make permanent these tax incentives will fall to the next Congress.
Click here to read the full list.
Wishing you
a Safe and Happy New Year,
George
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