SC&H Group White Papers: "Expertise Beyond the Numbers"

How Will the Tax Increase Prevention Act of 2014 Impact Your Tax Obligations?

Editor’s Note: This content was originally published on December 22, 2014. It has been ungated and republished due to popular demand.

In a flurry of year-end activity, Congress has approved the Tax Increase Prevention Act of 2014 (H.R. 5771) (“Act”). The new law extends the “tax extenders” retroactively for one year (through 2014). It also includes the Achieving a Better Life Experience (ABLE) Act, creating tax-favored savings accounts for individuals with disabilities along with some tax-related offsets. Before adjourning, Congress also approved an Omnibus Spending Agreement for fiscal year (FY) 2015, which cuts funding for the IRS. President Obama signed the Omnibus Agreement and H.R. 5771 bills on December 19, 2014. In this white paper, SC&H Group explains the Tax Increase Prevention Act of 2014 ABLE Act / Omnibus Funding Agreement.

sch-group_tax-increase-prevention-act-of-2014

Sign Up And Stay Informed

Your data is safe and secure. SC&H will never share or sell your information with any 3rd party vendors. Guaranteed.

Related Resources

Preparing for the Future of Your Cannabusiness [Blog Post]

View

Understanding and Planning for Section 280E as a Medical Cannabis Business [Blog Post]

View

Weekly News Round Up: Jobless Claims at 43-Year Low; AICPA Outlines Tax Reform Policies; and Personal Finance Myths

View

Weekly News Round Up: Trump Victory and Impact on Financial Arena; Retail Sales Rise; and 2016 Malware Moments

View