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Tax Extenders: The Tax Increase Prevention Act

Tuesday, January 20, 2015

As December drew to a close, last-minute legislation retroactively extended more than 50 expired federal tax provisions through 2014--but left their status uncertain for 2015.

These eleventh-hour changes left little time to react, since the window of opportunity generally closed on December 31, 2014. Nevertheless, you might benefit from one or more of the provisions when you complete your 2014 federal income tax return.