COLAs and Their Impact on Business Tax Rules in 2015

While the types of tax deductions and credits remain fairly constant from year to year, the numbers change annually. Dollar limits, eligibility restrictions, and other figures are adjusted annually for inflation. Inflation has been low, so adjustments are modest. Nonetheless, these cost-of-living adjustments (COLAs) are helpful and mean more opportunities for tax savings for businesses in 2015.



COLAs and Their Impact on Business Tax Rules in 2015