Don’t You Forget About Me! Are End-of-Year Tax Extenders on the Table?
A number of Tax Cuts and Jobs Act (TCJA) provisions—including expensing short-life business expenses, expanded deduction limit for business interest expenses, immediate deduction of research, and experimentation costs—are set to expire after 2021, 2022, or even 2025. Meanwhile, several pandemic-related expense provisions (expansion of charitable deduction, employee retention tax credit, suspension of the aviation...