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PATH Act extends tax relief for individuals and businesses — and make some breaks permanent

PATH Act extends tax relief for individuals and businesses — and make some breaks permanent
Congress passed a new wide-ranging law on December 18 that extended many expired tax breaks. The  President immediately signed the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). The new law does more than just extend expired tax provisions for another year. It makes many popular tax breaks permanent or extends them for two to five years.  In doing so, the PATH Act provides some stability in planning. When it comes to certain deductions and credits, taxpayers will no longer have to wait for Congress to pass a temporary tax extenders law — often at the last minute — in order to plan tax-saving strategies.

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Laurie holds a BA degree in accounting from Baldwin Wallace where she graduated Summa Cum Laude. She has more than twenty years of experience in public accounting, following ten years of paralegal experience. She has developed expertise in financial reporting; tax planning and compliance; representation before taxing authorities; accounting system analysis and design; projections and forecasts; merger and acquisition analysis; financial planning, and many related tax and financial matters.

 

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