Tis’ the season of giving, and it appears that Congress has delivered a gift to individual taxpayers and the charitable sector this week. While negotiating a budget deal to keep the government open, lawmakers were also negotiating the extension of a number of tax provisions (52 to be exact), which were set to expire at the end of the year. The tax agreement passed the House on Thursday. The Senate is likely to pass the bill on Friday. Some of the provisions in the agreement were made permanent while others would be reinstated through 2019, reinstated through 2016, or phased out over time.
READ MORE from Taxpayers Receive a Special Gift Just in Time for the Holidays