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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

Warning to Tax Preparers of New Phishing Scam that is Attempt to Steal Passwords
Aug 8, 2017

IRS Security Summit Launches “Don’t Take the Bait” Education Campaign Aimed at Tax Preparers
Aug 1, 2017

IRS Announces Which ITINs Will Be Expiring at End of 2017 and That They Are Now Accepting Renewal Applications
July 27, 2017

IRS Use of Private Debt Collection Agencies
June 20, 2017

Expired Individual Federal Tax Provisions
May 10, 2017

Reminder to Watch for Phishing Email Schemes
March 22, 2017

IRS Identity Verification Letters
March 1, 2017

Additional Reminders for this Filing Season
February 16, 2017

Additional Updates
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