New Senate Bill Proposes Retroactive Tax Breaks

US Senate seal

This week a new bill in the Senate was introduced entitled  Tax Extender and Disaster Relief Act of 2019 which has one Republican and one Democrat as sponsors.

If passed, a number of tax breaks that expired in 2017 would be extended which would case a flurry of amended returns.

Among the breaks: mortgage insurance premiums, home energy credits, principal residence indebtedness and more

To follow the bill use this link: Tax Extender Bill Congress.gov

To see the summary of the bill: Summary of Extenders Bill

Will this pass? Even though this is a bipartisan Senate bill, the House may be too busy with their partisan drama to pay attention 🙂