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:
- Higher education
- 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.