55 Tax Breaks Set to Expire by the End of the Year
Tax breaks are key to reducing taxable income and therefore, the amount of tax due each year. Many tax breaks have a limited life and end on their expiration date unless Congress extends the date of expiration or makes the tax breaks permanent. Here’s a brief list of some of the tax breaks set to expire by December 31, 2013. Which of these, if any, would affect your tax situation if they do expire and Congress does not extend them?
A new rule effective for 2013 is the
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