Further Consolidated Appropriations Act 2020

While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax breaks to businesses and employers. The “Further Consolidated Appropriations Act, 2020” was signed into law on December 20, 2019. It makes many changes to the tax code, including an extension (generally through 2020) of more than 30 provisions that were set to expire or already expired.

a close up view of a man wearing a black suit and a watch holding a newspaper with the word "business" on the cover; image used for a blog post about five tax breaks from the new tax law

Two other laws were passed as part of the law (The Taxpayer Certainty and Disaster Tax Relief Act of 2019 and the Setting Every Community Up for Retirement Enhancement Act).

Here are five highlights.


Continue Reading 5 More Tax Breaks from the Newly Signed Tax Law