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The clock is ticking down on some major tax -- -- -- midnight strikes this new years -- dozens of tax provisions are set to expire.
Should you take advantage of -- before it's too late.
Rich that's and its -- people who live from Washington of -- on -- did you hear me call your door and it.
Agents I dating hear -- but -- at a controlled toll -- -- about a school you get in DC it's a much lower bar here it's that's really sad actually.
This I could I did have a stack of papers in a bow tie it gets a lot -- SF but -- is.
-- the color outpaced.
Sick or if you're not gonna happen -- a god has a well thought out these tax breaks.
Well there -- more than sixty tax credits expiring at the end of the year that's also known as Saturday congress usually extends them in this year lawmakers didn't do that these benefits are tax incentives for businesses and workers across the economy -- Increased commuter benefits.
Also credits for mine rescue teams training a conversion credit for plug in electric vehicles.
Deductions for school teachers out of pocket expenses.
And we've listed all of the expiring credits on foxbusiness.com.
Including information for credits expiring over the next.
Few years so make sure you had over there all day and -- -- dork on national television -- aren't aren't big paying read it but isn't.
This isn't unique to let these tax breaks expire at all as a now sometimes lawmakers retroactively extend them the -- -- -- for next year in congress may get around to doing that in the coming months.
Lawmakers typically shy away from setting long term policy reveals long term cost so lawmakers opt for this piecemeal approach.
And one accounting and tax manager says congress is approach is costing his clients' money.
And the country jobs.
They can't plan on how to go ahead and grow even though they know the growth is out there because of the unclear -- uncertain cost structures.
And operating the business it's devastating.
Thanks your promises to be even more uncertain there are more of these expiring credits and income tax rates for almost every American worker and business.
Are schedule -- -- increase in one year.
And two days from now.
-- Yeah all that makes me mad it's a morass our tax -- and it's all the making of lawmakers rich thank you for that.
You're not an -- you know how much of here you know.
Good Kenneth Cole unstable that it didn't do it if it didn't exactly it is -- when they yank all I.
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