Use It or Lose It: Get These Tax Breaks Before They Expire
Tax Breaks! The Join Commission of Taxation published a list of 55 federal tax provisions that are set to expire this year a.k.a. tax breaks. Here are a few of those that may apply to you as an individual or business taxpayer. State Sales Tax Deduction. Applicable to residents of states without an individual income tax. Tuition and Fees Deduction. This allows up to a $4000 deduction for qualifying postsecondary education expenses. Check with your tax professional for details but this generally is available to couples filing jointly who make under $160,000. Make sure to pay Spring 2014...
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