Year End Tax Act Brings Tax Extenders, Deductions and Credits

Tax Credit, Extenders and Deductions.

Tax Extenders The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted on December 27, 2020, deals with the annual tax extenders. Congress made some of them permanent, while others got short- or long-term extensions. These are the big five Form 1040 tax breaks that were scheduled to expire on December 31, 2020: Exclusion […]

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