TOP TAX LAW CHANGES FOR 2016
31 JAN 2017

Posted by robbie Categories: TAXES Comments: Post closed for comments

TOP TAX LAW CHANGES FOR 2016

  • PERMANENT EXTENSION OF STATE AND LOCAL “SALES” TAX DEDUCTION (LARGE PURCHASES LIKE VEHICLES)
  • PERMANENT EXTENSION OF THE $250 EDUCATOR EXPENSE DEDUCTION (TEACHERS/PROFESSORS)
  • TUITION AND FEES DEDUCTION EXTENDED FOR 2016 (SEND IN YOUR 1098-T’S)
  • EXTENSION OF NONBUSINESS ENERGY CREDIT (EXAMPLES: ENERGY WINDOWS, ROOFS, ETC.)
  • EXTENSION OF THE MORTGAGE INSURANCE PREMIUMS (1098’S)
  • EXTENSION OF QUALIFIED PRINCIPAL RESIDENCE INDEBTEDNESS EXCLUSION (FORECLOSURES, ETC.)
  • BUSINESSES: PERMANENT $500K SECTION 179; 15 YEAR LEASEHOLD IMPROVEMENTS RECOVERY; CREDIT FOR RESEARCH ACTIVITIES; EXTENSION OF BONUS DEPRECIATION THRU 2019; EXTENSION OF WORK OPPORTUNITY TAX CREDIT THRU 2019
  “FIRST CLASS SOLUTION SUITE” CONTACT RTW  (INFO@RTWXXACT.COM OR 216-53-6586)TODAY FOR ALL YOUR TAX AND BUSINESS NEEDS. REFUNDS FOR BOTH FEDERAL AND STATES TAKING PLACE NOW!!! DON’T WAIT, CALL OR EMAIL NOW.