Sunday, December 28, 2014

Will Americans Get Our Tax Breaks Back?

A tax form calculator broken pencil and bent paper clip shot the frustration of filing taxesAlamy Even under the best of circumstances, it's hard to understand the tax code well enough to do smart tax planning. But when you can't even be certain what the tax laws are going to be in the year ahead, planning becomes almost impossible. Unfortunately, lawmakers left millions of Americans in exactly that situation when they left for their winter break without making a final decision on whether to extend dozens of tax breaks that save American families and businesses billions of dollars. Those provisions expired Monday, meaning taxpayers will have to hope for the best but plan for the worst over these valuable tax breaks. What's At Stake

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