Michael Gray, CPA's Tax and Business Insight

December 22, 2014

© 2014 by Michael C. Gray

ISSN 1539-395X

A monthly report to help you prepare for your financial future, keep more of what you earn by minimizing your taxes, and build an extraordinary business!

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President Obama signed the Tax Increase Prevention Act of 2014, (HR 5771) last Friday, December 19.

The legislation extends many tax breaks that expired after 2013 for 2014 only.

Here is a list of some of the major provisions:

Business extenders

Individual extenders

Achieving a Better Life Experience (ABLE Act)

Budget - FY 2015 Omnibus Funding Agreement

These are only highlights of major changes recently enacted. See your tax advisor for details about how the extender legislation will affect you.


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Michael Gray, CPA
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San Jose, CA 95128
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