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Expired Provisions

Posted on January 3, 2018 at 9:10 PM

Not extended for 2017:


A few provisions expired at the end of 2016 and were not extended for 2017. They include:

Tuition and Fees Deduction – the deduction that was previously on line 34 is no longer available. A portion of qualified education expenses are still allowed as a credit through the American Opportunity Credit and the Lifetime Learning Credit.

Cancellation of Debt Home Mortgage Exclusion – originally for acquisition indebtedness of up to $2,000,000, cancellation of debt income was excluded from gross income. Unless it is excluded for another reason (such as bankruptcy or insolvency), cancellation of debt related to foreclosures on a home is included in income.



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