Extended Tax Provisions
The following tax provisions have been extended through 2007.
· The deduction from adjusted gross income (AGI) for educator expenses.
· The deduction for qualified tuition and fees.
· The District of Columbia first-time homebuyer credit (for homes purchased before January 1, 2008).
· The election to include non-taxable combat pay in earned income for figuring the earned income credit.
·The itemized deduction for state and local general sales tax in-lieu of state and local income taxes.
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