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Small-business tax breaks in 2010

from U.S. News & World Report

This year, taxes on small-business owners are under particular scrutiny. They're getting so much attention because Congress is currently debating a jobs bill with multibillion-dollar tax credits for small businesses. Recently, the Senate passed a bill with a payroll tax holiday for business owners and their employees and an extension of a tax deduction on capital expenditures. The payroll tax holiday -- dubbed the Hire Now Tax Cut -- allows an employer to forgo payroll tax on any unemployed person hired by the firm this year. more

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