Tax Deductions and Credits America Avoids the Fiscal Cliff, Which Could Mean More Money in Your Pocket [Slideshow] Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeam Published Jan 4, 2013 1 min read On New Year’s Day everyone was on pins and needles wondering if they were going to owe more money on their taxes if America fell over the “fiscal cliff“. Later that evening, Congress passed the American Taxpayer Relief Act of 2012, which helped 98% of Americans keep more money in their pocket. The new act made permanent, and extended many tax laws to help families, such as AMT, Educator Expense Deduction, Tuition and Fees Deduction, and Energy Tax Breaks to name a few. Check out our slideshow to see how some of these tax benefits can help you get the money you deserve at tax-time. [intuit_fiscalcliffttslideshow] Previous Post 5 Tax Tips for the New Year Next Post New Year’s Financial Resolutions at an All Time High[Infographic] Written by TurboTaxBlogTeam More from TurboTaxBlogTeam One response to “America Avoids the Fiscal Cliff, Which Could Mean More Money in Your Pocket [Slideshow]” Can two parents who are separated never married but share in the tuition college and book expense of our son deduct their portion of the expense? Reply Leave a ReplyCancel reply Browse Related Articles Self-Employed Meet Moira Tax Planning TurboTax Enables Refund Advance to Taxpayers Investments Tax Benefits of Real Estate Investing Self-Employed Business Tax Checklist: What You’ll Need When Filing Uncategorized What Is Deferred Compensation & How Is It Taxed? Investments How Does an Inherited IRA Work? Work Choosing Your Business Structure: 5 Types of Businesses… Tax Deductions and Credits Are HOA Fees Tax Deductible? What You Need to Know Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report…
Can two parents who are separated never married but share in the tuition college and book expense of our son deduct their portion of the expense? Reply