Rep. Charles Rangel, D-N.Y., chairman of the House Ways and Means Committee, has introduced a bill to extend tax credits and deductions that expired last year or would expire at the end of this year, including tax incentives for renewable energy.
H.R. 6049, the Energy and Tax Extenders Act of 2008, would provide tax relief for individuals and families, including deduction of state and local sales tax, deduction of tuition and other education expenses, deduction of out-of-pocket expenses by teachers, deduction of property taxes for non-itemizers, and an expansion of the refundable child tax credit to taxpayers earning $8,500 a year.
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