Monday, May 10, 2010

Some quirky tax breaks that aren't going away

The House of Representatives recently passed a tax exemption for employer-provided cellphones and smartphones. Assuming the bill becomes law, it will join several other quirky tax breaks that have survived the chopping block. Among those is the so-called "Masters exemption" which allows homeowners who rent out their property for 14 or fewer days a year to pocket the income tax-free. As you can imagine, this has provided a hefty windfall for those homeowners near the Augusta National Golf Club.

Posted via web from The Modern Planner

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