Don’t hold your breathe for tax extenders this year. While the House of representatives has passed the Expire bill, the bill is struck in the Senate.
According to Harry Reid, he doesn’t expect the bill to be voted on until after November elections. Which means, it may be the same scenario two years ago when Congress passed the bills on January 2nd of the new tax year retroactively.
So if you hoping for the tax proposals that expired on December 31st to be extended, don’t hold your breathe. It’s just politicians playing politics.
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