Unless Congress extends the tax deductions that are set to expire at the end of 2013, credits and deductions benefiting everyone from teachers and students to homeowners are scheduled to expire.
1. Which of these eight deductions will affect you personally?
2. Which of these eight deductions will affect your parents and other family members?
3. Based on these eight deductions, which do you think will be the most harmful to the majority of the nation and why?
CNN Staff. (2013). Tax season 2014: 8 disappearing tax breaks. ABC, Dec. 27 (Retrievable at http://www.abc15.com/dpp/news/national/tax-season-2014-8-disappearing-tax-breaks)