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Discharge of indebtedness on principal residence Archives - IRS Tax Season 2020

Discharge of indebtedness on principal residence

Popular Tax Breaks Expiring At The End of 2016

Posted by admin on September 26, 2016
Tax Deducations, Tax Exemptions, Tax Hike, Tax Law, Tax Season / Comments Off on Popular Tax Breaks Expiring At The End of 2016

Popular Tax Breaks Expiring At The End of 2016

Last year many popular tax breaks were made permanent thanks to the PATH (Protecting Americans from Tax Hikes) Act.

PATH addressed many critical extenders, such as Section 179 expensing and the research tax credit. With those necessary provisions handled, the stakes this year are much lower. It’s unlikely that the House and Senate will take any action before they adjourn for several weeks leading up to the November elections. Continue reading…

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