American Taxpayer Relief Act of 2012 Extends Tax Breaks

The American Taxpayer Relief Act extended 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 more details check out our January 9 post — Tax Changes for 2013: A Checklist

Contact us at 559.924.1225 if you have any questions about how these changes will affect you.