Tax Increase Prevention Act of 2014 (TIPA)

The Tax Increase Prevention Act of 2014 (TIPA) was signed into law on December 19, 2014. Thankfully, TIPA retroactively extends most of the federal income tax breaks that would have affected many individuals and businesses through 2014. So,…

Tax breaks for businesses extended through 2014

Extended cost recovery provisions 50% bonus depreciation. The Tax Increase Prevention Act of 2014 (TIPA) extended 50% first-year bonus depreciation for an additional year to cover qualifying new (not used) assets that are placed in service…

4 good reasons to direct deposit your refund

If you are getting a refund this year, here are four good reasons to choose direct deposit: Convenience. With direct deposit, your refund goes directly into your bank account. There’s no need to make a trip to the bank to deposit a check. …

ABLE accounts for disabled individuals

The Tax Increase Prevention Act of 2014 (TIPA) also included another bill, the Achieving a Better Life Experience Act (ABLE) of 2014. ABLE establishes a new type of tax-advantaged account for disabled individuals, allowing them to save money…