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Expired Individual Federal Tax Provisions

May 10, 2017


With Congress set to begin discussing and writing tax reform legislation it is important to remember that we are again facing the fact that a number of individual federal provisions expired at the end of 2016. This means that unless Congress includes them in the tax reform legislation or in another tax related bill the following provisions will no longer be applicable for 2017 federal returns:

  • Tuition and Fees Deduction - Form 8917/Form 1040, line 34
  • Exclusion of gain from income of foreclosed home mortgage debt (Form 982, line 1e)
  • Nonbusiness Energy Property Credit – Form 5695, Part I
  • Ability to treated mortgage insurance premiums as qualified mortgage interest
  • Credit for 2-Wheeled plug-in electric vehicles
  • Credit for new qualified fuel cell motor vehicles

So stay tuned for more information on what occurs with these provisions as Congress works on tax legislation this summer and beyond.

Recent Tax Updates

Revised 2018 Schedule A due to Tax Cuts and Jobs Act Changes to Itemized Deductions
August 29, 2018

2018 Expansion of Preparer Due Diligence Requirements
August 8, 2018

IRS Accepting Renewal Applications for ITINs Expiring at End of 2018
July 25, 2018

IRS Tax Security 101 Campaign for Preparers
July 18, 2018

Form 1040 Redesign
July 11, 2018

Recent Scams Targeting Preparers and Taxpayers to be Aware Of
June 6, 2018

Additional Updates
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PUTTING CUSTOMERS FIRST SINCE 1974
PUTTING CUSTOMERS FIRST SINCE 1974