Martin Hood LLC | Important Tax Legislation Extensions Passed in Congress for 2016
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Important Tax Legislation Extensions Passed in Congress for 2016

Important Tax Legislation Extensions Passed in Congress for 2016

Last month, Congress passed H.R. 2029, The Consolidated Appropriations Act, 2016, which extends a lengthy list of expired tax provisions. Extensions are in the following areas, including but not limited to:

  • Healthcare
  • Higher education
  • Penalties
  • IRS Reforms
  • Early retirement distribution

–and many, many more.

 

For a full and detailed list with explanations, check out this article from the Journal of Accountancy.

 

Be sure to discuss with your CPA how these extensions could impact you.