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Tax Season Countdown Tax Tips: Tip #15 New Tax Law Extends Tax Breaks

 

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As a NJ CPA firm and and NY CPA  firm, we are dedicated with providing you the latest tax tips this season.

Our tax tip for today is:

The American Taxpayer Relief Act extends several popular tax breaks, some through 2013 and others permanently. Included are the optional deduction for state and local sales tax, the adoption credit, the child tax and child care credits, enhancements to the earned income credit, and the teachers’ deduction for classroom expenses.

For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at info@bergencountycpa.com.

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