PH: (718)263-4228 | EMAIL: Gary@GaryTAX.com

9 New or Improved Tax Breaks for 2016 | GOBankingRates

9 New or Improved Tax Breaks for 2016 | GOBankingRates
January 25, 2017 Admin

With 2016 upon us, people are thinking about taxes and the best ways to deal with the annual headaches that accompany filing a return. Every year, the IRS makes a litany of changes to the tax code throughout the year. Congress often weighs in with its own alterations as well. Last year was no different, and indeed the year-end budget deal included several key changes. As a result, some forms and materials needed for tax filing might take a few more weeks to arrive in some areas. In the meantime, here are nine new and improved deductions for 2016. All changes apply to the tax return you will file this year. Study these, and you can minimize the annual pain of paying taxes to Uncle Sam. Related: 49 Special Tax Deductions You Don’t Know About

Source: 9 New or Improved Tax Breaks for 2016 | GOBankingRates