House Passes Bill to Extend Bush Tax Cuts to All Income Levels

The Republican held House passed a bill today extending the Bush tax cuts to all taxpayers at all income levels. This is in response to the Democratic bill that was passed through the Senate last week where the tax cut extensions would have left out MFJ filers with income over $250K.  The stalemate continues between the Democratically controlled Senate and the Republican controlled House.  We will keep you posted on tax reform progress on the numerous expiring deductions, credits, and other provisions as we get closer to the start of the coming tax season.