Sunday, February 18, 2018

Tax Extenders for 2017

The following expiring provisions were extended for 2017 per a law passed this month:

1. The above the line deduction for qualified tuition and related expenses of $4,000 for joint filers with adjusted gross income up to $160,000 was extended.
2. The discharge of qualified principal residence debt was excluded from taxable income.
3. The deduction for mortgage insurance premiums was extended.
4. The $500 lifetime credit for qualified energy efficient improvements to a taxpayer's principal residence came back again.



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