A little cheer has come early this year, as President Obama has signed into law both permanent and extended tax breaks for individuals and businesses. This expansive bill has been the subject of much debate, as to which provisions would become permanent vs. extended for another year. Listed below are some of the more pertinent tax breaks that individuals and businesses having been hoping would be remain.
Individual Provisions (may be subject to income limitations)
- Additional Child Tax Credit – In addition to the $1,000 Child Tax Credit, taxpayers with qualifying children will continue to be eligible for up
from It's Taxing - Bond Beebe