[IMGCAP(1)]As we approach the November elections, the end of the year and the beginning of a new tax season, we’re not much clearer on the fate of the provisions that expired at the end of 2013, aka the extenders, that haven’t yet been renewed.
Among other breaks, these include the deduction for mortgage interest premiums, the deduction for state and local general sales taxes, the above-the-line deduction for higher education, the R&D tax credit, the New Markets Tax Credit, the Work Opportunity Tax Credit, bonus depreciation, and a measure to extend the increase in the maximum amount and phase-out threshold under Section 179. And of course, the three-year depreciation allowance for racehorses.
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