Big Tax Changes for Individuals This YearFebruary 10, 2016
Many major tax changes go into effect this year for individual taxpayers.
Many of the changes were ushered in by the Protecting Americans from Tax Hikes (PATH) Act of 2015, although legislation enacted earlier in 2015 and in 2014 also contributed a fair share. Still other changes are the result of various administrative pronouncements by IRS.
This article reviews the important changes for individuals. You can read about some of the other major changes for businesses, partnerships, retirement and benefit plans and tax preparers in three of my earlier articles, Major Business Tax Changes for 2016, Important Tax Changes for Partnerships and Due Dates in 2016 and More Important Tax Changes Taking Effect This Year…Read the Full Article in the Accounting Today.
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