Once again, with the signature of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), many popular tax items have either been made a permanent part of the tax code or have been extended to 2016 and beyond. Here are the more commonly used tax savings items and their new status; | ||||||||||||||||
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There are many other changes in this tax law. Clarifications on the signed bill will become known over the next few months. |