Friday, November 9, 2007

THIS JUST IN

The House has just passed the Temporary Tax Relief Act of 2007 (H.R. 3996) by a vote of 216-193. This Act provides a one-year fix for the dreaded Alternative Minimum Tax and extends for another year the popular expiring tax deductions for educator expenses and qualified tuition and fees and the option to deduct state and local sales tax instead of state and local income tax.

Now it is on to the Senate.

1 comment:

Minimum Wage said...

Temporary Tax Relief. Use only as directed.