Slide Show | December 2015

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12 Valuable Tax Breaks Congress Has Brought Back to Life

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In its endearing (if infuriating) way, Congress left a package of tax cuts under the tree as lawmakers beat a hasty retreat from Washington for the Christmas holiday. You might call this “regifting,” though, because the goodies are the same ones Congress let die at the end of last year. The long-awaited revival to make them retroactively apply for 2015 came on December 18. In an important twist to the habitual year-end gamesmanship, however, this time Congress actually made many of them permanent and even improved a few. Here are 12 that might put—er, leave—money in your pocket by reducing your tax bill for 2015, 2016 and beyond.

12 Valuable Tax Breaks Congress Has Brought Back to Life

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