Wednesday, December 17, 2014
This just in.
In “The 2014 Tax Breaks You'll be Able to Take” CNN’s Jeanne Sahadi tells us –
“Congress on Tuesday night extended dozens of expired "temporary" tax breaks for 2014.
It took the Senate, by a 76 to 16 vote, until the week after Congress was supposed to adjourn to pass the bill, which the House had already approved.
The bill will now be sent to President Obama, who is expected to sign it.”
Since the “tax extenders” were only extended for 2014 they will once again expire in 2 weeks. We can only hope that the idiots in Congress will not wait until next December to deal with these tax benefits, many of which should not be extended, for 2015 and beyond – but I wouldn’t bet on it.
No word from the IRS yet on the delay to the start of the “tax filing season” that this irresponsibility will cause.