Tuesday, January 10, 2012

Tax Cuts Expire

Effective January 1, 2012, a number of popular but temporary tax incentives expired. They include in part: the research tax credit, grants for energy property in lieu of tax credits, transit benefits, the state and local sales tax deduction, and the higher education tuition deduction. There is no AMT patch past 2011, but that is par for the course.

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