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Proposed Tax Legislation Could Aid Startup Advisors

Recently introduced legislation in the U.S. House of Representatives could help advisors branch out on their own by allowing them to deduct up to $500,000 in expenditures for equipment, property, and computer software. So reports Wealth Management.

The legislation, introduced by U.S. Representatives Pat Tiberi (R-Ohio) and Ron Kind (D-Wis.), would restore the 2014 limit on deductions, which was reset to $25,000 for this year.

Read the full article from Wealth Management.

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