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 Tax News Intuit TurboTax April Report: A Look at Refunds and S… Tax Planning April 15 is the Tax Deadline: 6 Things You Need to Know… Tax Planning Unable to Pay Your Tax Bill? Here’s What To Do Tax Tips Tax Credits 101: What They Are & How They Work Business How to Know if You Should Invest in Business Insurance Tax Deductions and Credits What Is the Standard Tax Deduction for 2023 – 202… 401K, IRA, Stocks Should You Use Your 401(k) or Retirement to Pay Off Deb… Tax Planning What Happens If You Don’t Pay Taxes? Understanding Pe… Tax Deductions and Credits Family Taxes: Take Advantage of Tax Savings Taxes 101 How Much Do You Have to Make to File Taxes? Demystifyin…
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