Fewer tax deductions this year? - KLTV.com - Tyler, Longview, Jacksonville |ETX News

Fewer tax deductions this year?

This year when you file your taxes, you may find fewer breaks available to you.

That's because lawmakers have allowed more than 50 business and individual tax breaks to expire while they were on vacation.

Among the breaks that have disappeared are the mortgage insurance deduction, the higher education tuition deduction and the school teacher tax deduction.

Of course, even though these measures have expired, lawmakers could still choose to extend them retroactively when they return.

 

Powered by Frankly