Important Tax Legislation Extensions Passed in Congress for 2016

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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.

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