Thomson Reuters Tax & Accounting News

Featuring content from Checkpoint

Back to Thomson Reuters Tax & Accounting News

Subscribe below to the Checkpoint Daily Newsstand Email Newsletter

U.S. House backs 1-year renewal of ‘extenders’ tax breaks

WASHINGTON (Reuters) – Moving to allay uncertainty about the 2014 tax year, the U.S. House of Representatives voted on Wednesday in favor of renewing a wide-ranging package of temporary tax breaks, known as “extenders,” postponing further debate on them to 2015.

The 55-item package of tax breaks includes ones for business research costs and depreciation schedules, multinational corporations’ tax avoidance strategies, teachers, commuters, green energy, racehorse owners and Hollywood studios.

Tagged with →