2014 Tax Tip #2 – Expired Tax Breaks

#2

The following is a list of tax breaks that expired at the end of 2013:

  1. Deduction for state and local taxes;
  2. Tax-free distributions from IRAs for charitable purposes;
  3. Deduction for mortgage insurance premiums;
  4. Deduction for tuition;
  5. Deduction for mortgage insurance premiums;
  6. Exclusion for debt discharged for a principal residence;
  7. Research credit; and
  8. Bonus depreciation;

For more tax benefits, contact our office at 816-524-4949.

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