Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Tax Breaks Revived in Budget Deal

February 12, 2018

Congress passed a deal Friday that put a budget and spending plan in place. Included in that deal were extensions of some tax breaks that had expired at the end of 2016. Here are the highlights.

In the massive budget deal passed early this morning, Congress has bestowed surprise tax breaks on homeowners, students and greenies. There are tax breaks for mortgage insurance premiums, higher-education expenses, energy-efficient home-improvement projects and more. These were tax breaks that expired at the end of 2016, but are now back on for 2017—once President Donald Trump signs on, which is expected.




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