November 15, 2010

Time Is Running Out…

If Congress does not intervene, a number of tax cuts, deductions, credits, and other provisions will expire in 2011. Over 50 major changes to the federal tax code are scheduled to sunset after December 31, 2010, including provisions affecting the:

• Individual, capital gains, and estate tax rates;

• Child tax credit;

• Dependent care credit;

• Adoption credit;

• Student loan interest deduction; and

• State death tax credit.