Congress Finally Passes Tax Extender Legislation

The Senate passed a bill to retroactively extend more than 50 expired tax provisions through 2014!

This transaltes into 2014 tax breaks for businesses on corporate research, renewable fuels and corporate expensing.  For individuals, this affects expenses of elementary and secondary school teachers, exclusion from gross income of discharge of qualified principal residence indebtedness, and deductions for state and local general sales taxes, among many others!

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