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 Education Teachers Can Still Save with the Educator Expense Deduc… Tax News Don’t Fear the “Fiscal Cliff”: Turbo… Tax News The Fiscal Cliff and Your Tax Rate [Interactive] Tax News How the American Taxpayer Relief Act May Help Your Tax … Tax Planning I’m Projected to Owe Taxes Next Year – What… Tax News Tax Day Update: IRS Extends Tax Deadline to April 18th Tax Planning 10 End of Year Tax Tips Tax Deductions and Credits Happy National Teacher Day! Five Tax Tips to Educate Y… Tax News Congress Extends Expired Tax Breaks Helping You Keep Mo… Tax Reform Tax Reform 101: 5 Things To Do Now
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