2023 Tax Calendar
VIEWpoint Issue 2 | 2022
Inflation Reduction Act: Highlights of Key Changes for You and Yo...
Last Friday, the Senate passed the tax extender package in a 65-33 vote that was later signed into law by President Obama that day.
The bill costing more than $680 billion over a 10-year period, will help provide reassurance that individuals and businesses won’t be left dealing with uncertainty this time next year, as several of the expired provisions will be extended through 2016, and in some cases permanently.
In total there are 22 provisions that will become permanent under this bill. Below we have highlighted some key provisions that most businesses and individuals have anxiously been awaiting to be extended.
Although not permanent, other provisions will provide taxpayers relief and reassurance through 2016, and in some cases beyond, including:
Wondering how these tax extenders may affect your year-end tax planning? There is still time to make adjustments, if needed. Contact Doeren Mayhew’s tax advisors today for assistance in putting these tax incentives to work for you.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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