The list of tax breaks that expired at the end of 2011 include the popular research and development tax credit, a handful of energy-related cuts such as the credit for the purchase of energy-efficient appliances, the deduction for state and local general sales taxes, and the allowance for tax-free distributions from individual retirement plans for charitable purposes.
Friday, March 23, 2012
Ways & Means to Examine Expired Tax Cuts
The House Ways and Means Committee has begun an examination
of the merits of dozens of expired tax cuts affecting individual and corporate
taxpayers, the panel's leadership said in a March 22 joint statement.
The list of tax breaks that expired at the end of 2011 include the popular research and development tax credit, a handful of energy-related cuts such as the credit for the purchase of energy-efficient appliances, the deduction for state and local general sales taxes, and the allowance for tax-free distributions from individual retirement plans for charitable purposes.
The list of tax breaks that expired at the end of 2011 include the popular research and development tax credit, a handful of energy-related cuts such as the credit for the purchase of energy-efficient appliances, the deduction for state and local general sales taxes, and the allowance for tax-free distributions from individual retirement plans for charitable purposes.
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