PATH Act

The PATH Act, or Protecting Americans from Tax Hikes Act, is a law enacted in 2015 aimed at providing tax relief and incentives to individuals and businesses. It extends certain tax credits, such as the Research & Development credit, and makes it easier for taxpayers to benefit from deductions. The act also offers provisions to improve tax certainty, reduce fraud, and make tax compliance more straightforward. In essence, the PATH Act seeks to promote economic growth by encouraging investment and innovation while enhancing the fairness and efficiency of the tax system.