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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (61710)	1/12/2007 1:43:39 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Tax break extensions become law January 9, 2007 investmentnews.com President Bush last month signed into a law a $40 billion tax and trade bill, HR 6111, which extends certain tax breaks for individuals and businesses. The law renews tuition deduction tax credits, along with those for state and local sales taxes, and teachers' out-of-pocket expenses for classroom supplies. Research and development tax credits for businesses are included. The bill also creates an itemized deduction on mortgage insurance premiums for 2007 only. The extended tax breaks will affect tax years 2006 and 2007. For details, go to thomas.loc.gov thomas.loc.gov