TAX EXTENDERS CONTINUED THRU 2017 – BURDEN TO BE LIFTED
13 FEB 2018

Posted by robbie Categories: TAXES Comments: Post closed for comments

  1. On February 9, 2018 President Trump signed the Bipartisan Budget Act; Tax Extenders Included
  2. Tax Returns including tax extenders were delayed; IRS and TAX Software firms now updating forms so that Tax Returns maybe filed. Estimate that they should be ready for filing this week – will keep you updated.
  • Deduction for School Teacher Expenses ($250) – most common
  • Tuition and Fees Deduction – most common
  • State and local sales tax deduction – most common
  • Mortgage Insurance Premiums – most common
  • Exclusion for discharge of principal residence (foreclosures)
  • Tax-free distributions from IRA’s for charitable purposes – JURY IS STILL OUT ON THIS ONE
  • Special rule for contributions of capital gain real property made for conservation purposes
  • Parity for exclusion of employer-provided mass transit and parking benefits
“FIRST CLASS SOLUTION SUITE” CONTACT RTW TODAY FOR ALL YOUR TAX AND BUSINESS NEEDS DOMESTIC AND INTERNATIONALLY.  2017 TAXES SHOULD BE FILED EARLY DUE TO THE EQUIFAX DATA BREACH.   DON’T WAIT, CALL OR EMAIL NOW 216-533-6586 or info@rtwxxact.com