Tax writers are under pressure to renew temporary tax breaks, called extenders, as businesses and individuals seek certainty with tax-filing season underway.
Many of the temporary tax breaks expired after 2017, meaning Congress would need to make the renewal of the provisions retroactive to 2018. Expired provisions include a railroad track maintenance credit under tax code Section 45G as well as breaks for biofuels and mortgage insurance premiums.
These temporary tax breaks are almost a rite-of-passage for Congress, especially at the end of the year, and can be a chance for lawmakers to slip in perks that are popular in ...
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