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Congress Permanently Extends Several Tax Provisions
Posted by Chrissy Hammond on Fri, Dec 18, 2015 @ 05:27 PM

President Obama has said he will sign The Protecting Americans from Tax Hikes Act of 2015 (PATHA), which for the first time permanently enacts a number of the tax breaks generally dubbed the “Extenders” because of the need to extend them repeatedly year after year.

The House of Representatives passed the bill on December 17 and the Senate followed suit the next day. This represents the opportunity for an extended period of certainty for taxpayers who rely on these tax incentives but have to wait until December of each year to make business and personal decisions affected by them.

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Topics: Tax Extenders, Taxes, Congress

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