- On February 9, 2018 President Trump signed the Bipartisan Budget Act; Tax Extenders Included
- 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
