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Tax Credits on Their Way Out

Legislation in 2019 — the Taxpayer Certainty and Disaster Tax Relief Act — resurrected or extended several income tax breaks. But Congress giveth and taketh away, and several of them will expire at the end of 2020, as noted below:

Of course, this is just an introduction to a series of complex topics, so be sure to consult a professional about their applications in your situation. Also, it is very possible that at least some of these will be given extensions as the end of the year approaches, so we’ll be keeping an eye out for developments.

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