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.
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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.
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