Congress passed a new wide-ranging law on December 18 that extended many expired tax breaks. The
President immediately signed the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). The
new law does more than just extend expired tax provisions for another year. It makes many popular tax
breaks permanent or extends them for two to five years.
In doing so, the PATH Act provides some stability in planning. When it comes to certain deductions and
credits, taxpayers will no longer have to wait for Congress to pass a temporary tax extenders law —
often at the last minute — in order to plan tax-saving strategies.
Here’s an overview of how individuals and businesses can benefit from the latest tax package.

DOWNLOAD THE COMPLETE PATH ACT EXTENDS TAX RELIEF FOR INDIVIDUALS AND
BUSINESSES — AND MAKES SOME BREAKS PERMANENT.