Gimme a Tax Break!

You may be eligible for tax savings under the PATH Act of 2015. But you’ll have to make sense of the bill’s complexities. We help you navigate the fine print.Late last year, federal lawmakers passed another “extenders” bill—and it contains good news for jewelers. The new “Protecting Americans from Tax Hikes (PATH) Act of 2015” retroactively extends the 50 or so temporary tax provisions that are routinely extended on a one- or two-year basis, including a shorter write-off period for retailers who remodel or fix up their establishments.  “It helps jewelers, whether they rent or own their retail space, to update their stores to stay competitive,” says David J. Bonaparte, president and CEO of Jewelers of America. Other provisions in the tax extenders package provide faster write-offs for not only store improvements but also the cost of fixtures, display cases, fu

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