A new Congressional Research Service (CRS) report examines the tax provisions currently set to expire at the end of the year and the budgetary costs and policy considerations associated with extending them. These include the so-called Bush tax cuts, the alternative minimum tax (AMT) patch, the payroll tax cut, and a host of other miscellaneous provisions and “tax extenders.”
Each category of expiring provisions, including 2012 law, currently scheduled changes if the provisions aren’t extended, and relevant budgetary and policy considerations, is addressed separately.
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Dean R. Holland, CPA