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] 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 Reply Cancel reply Browse Related Articles Self-Employed Self Employed: Living and Working Abroad? Here’s What… Investments What is a Bear Market and What Does it Mean to You? Income and Investments 4 Summer Activity Ideas That Won’t Break the Bank Tax Planning Everything You Need to Know About Property Taxes Self-Employed Self-Employed? Quarterly Tax Date Deadlines for Estimat… Income and Investments Recent Grad? Here are Four Reasons to Start Saving Now … Investments Real Estate Taxes vs. Property Taxes Retirement So You’re Thinking About Retiring One Day? Self-Employed Self-Employed Tax Tips & Summer Jobs Work So You’re Crossing State Lines?
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