In a move that could potentially affect millions of American businesses and individuals alike, Congress is allowing billions of dollars in tax breaks to expire at the end of the year – and no one really knows why.
According to the Associated Press, Congress lets this set of 55 popular tax breaks expire almost every year, only to ultimately renew them retroactively so that Americans can still benefit when their tax returns are filed. Continue reading “Billions in tax breaks expired at midnight”

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