There are some tax breaks that are up to expire on Dec 31st, some of the bigger ones are the $250.00 deduction for teachers, state and local sales tax deduction, above the line tuition expense, and the mortgage insurance deduction. Now Congress in the past has extended the credits, but as of today there isnt any move to do so, There is a total of 55 tax provisions on the list to expire and you can read more on this subject at mainstreet/article/moneyinvesting/taxes/55-tax-breaks-set-expire-end-year?puc=yahoo&cm_ven=YAHOO If you have any questions please give us a call at 423-289-1507 and ask for Deedee or Tammy, we will be happy to help.
Posted on: Wed, 20 Nov 2013 00:06:11 +0000