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Tax News Nov 2016 - "End of 2016 Means the End of Tax Breaks - Maybe"

Tax News Nov 2016 - "End of 2016 Means the End of Tax Breaks - Maybe"

Tax News Nov 2016 - "End of 2016 Means the End of Tax Breaks - Maybe"

Excerpt


End of 2016 Means the End of Tax Breaks - Maybe



For a number of years, Congress created significant uncertainty by waiting until the eleventh hour to renew or extend numerous tax provisions. In response to the frustration expressed by both individual taxpayers and the business community, Congress passed the Protecting Americans from Tax Hikes (PATH) Act last year. PATH made a number of tax provisions permanent; however, more than a few were simply extended for another year – and now that year is almost up. Below are a number of provisions set to expire at the end of this year if Congress doesn’t take action.


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