Expiring credits, deductions extended by Congress

WASHINGTON (AP) — Taxpayers preparing to file their 2012 returns can breathe a collective sigh of relief.

The alternative minimum tax or AMT has been patched — permanently — and several tax credits and deductions that technically expired at the end of 2011 were extended as part of the fiscal cliff legislation that Congress passed and President Barack Obama signed into law in January…

Read more here: http://www.benefitspro.com/2013/01/22/expiring-credits-deductions-extended-by-congress?ref=rss&utm_source=twitterfeed&utm_medium=twitter

Posted by Arlington Insurance Planning Services from WordPress

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s