Below is a listing of the extensions covered in the American Taxpayer Relief Act. If you see a line item that fits your circumstances or interest - contact us and we and we'll address the item in more detail for you. ExactCPA.
Individual Tax Extenders
- Extension of deduction for certain expenses of elementary and secondary school teachers.
- Extension of exclusion from gross income of discharge of qualified principal residence indebtedness.
- Extension of parity for exclusion from income for employer-provided mass transit and parking benefits.
- Extension of mortgage insurance premiums treated as qualified residence interest.
- Extension of deduction of State and local general sales taxes.
- Extension of special rule for contributions of capital gain real property made for conservation purposes.
- Extension of above-the-line deduction for qualified tuition and related expenses.
- Extension of tax-free distributions from individual retirement plans for charitable purposes.
- Improve and make permanent the provision authorizing the Internal Revenue Service to disclose certain return and return information to certain prison officials.
Business Tax Extenders
- Extension and modification of research credit.
- Extension of increased expensing limitations and treatment of certain real property as section 179 property.
- Extension and modification of bonus depreciation.
- Extension of temporary minimum low-income tax credit rate for non-federally subsidized new buildings.
- Extension of housing allowance exclusion for determining area median gross income for qualified residential rental project exempt facility bonds.
- Extension of Indian employment tax credit.
- Extension of new markets tax credit.
- Extension of railroad track maintenance credit.
- Extension of mine rescue team training credit.
- Extension of employer wage credit for employees who are active duty members of the uniformed services.
- Extension of work opportunity tax credit.
- Extension of qualified zone academy bonds.
- Extension of 15-year straight-line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements.
- Extension of 7-year recovery period for motorsports entertainment complexes.
- Extension of accelerated depreciation for business property on an Indian reservation.
- Extension of enhanced charitable deduction for contributions of food inventory.
- Extension of election to expense mine safety equipment.
- Extension of special expensing rules for certain film and television productions.
- Extension of deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
- Extension of modification of tax treatment of certain payments to controlling exempt organizations.
- Extension of treatment of certain dividends of regulated investment companies.
- Extension of RIC qualified investment entity treatment under FIRPTA.
- Extension of subpart F exception for active financing income.
- Extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company rules.
- Extension of temporary exclusion of 100 percent of gain on certain small business stock.
- Extension of basis adjustment to stock of S corporations making charitable contributions of property.
- Extension of reduction in S-corporation recognition period for built-in gains tax.
- Extension of empowerment zone tax incentives.
- Extension of tax-exempt financing for New York Liberty Zone.
- Extension of temporary increase in limit on cover over of rum excise taxes to Puerto Rico and the Virgin Islands.
- Modification and extension of American Samoa economic development credit.
Energy Tax Extenders
- Extension of credit for energy-efficient existing homes.
- Extension of credit for alternative fuel vehicle refueling property.
- Extension of credit for 2- or 3-wheeled plug-in electric vehicles.
- Extension and modification of cellulosic biofuel producer credit.
- Extension of incentives for biodiesel and renewable diesel.
- Extension of production credit for Indian coal facilities placed in service before 2009.
- Extension and modification of credits with respect to facilities producing energy from certain renewable resources.
- Extension of credit for energy-efficient new homes.
- Extension of credit for energy-efficient appliances.
- Extension and modification of special allowance for cellulosic biofuel plant property.
- Extension of special rule for sales or dispositions to implement FERC or State electric restructuring policy for qualified electric utilities.
- Extension of alternative fuels excise tax credits.
Unemployment
- Extension of emergency unemployment compensation program.
- Temporary extension of extended benefit provisions.
- Extension of funding for reemployment services and reemployment and eligibility assessment activities.
- Additional extended unemployment benefits under the Railroad Unemployment Insurance Act.
Medicare and Other Health Extensions
- Medicare physician payment update.
- Work geographic adjustment.
- Payment for outpatient therapy services.
- Ambulance add-on payments.
- Extension of Medicare inpatient hospital payment adjustment for low-volume hospitals.
- Extension of the Medicare-dependent hospital (MDH) program.
- Extension for specialized Medicare Advantage plans for special needs individuals.
- Extension of Medicare reasonable cost contracts.
- Performance improvement.
- Extension of funding outreach and assistance for low-income programs.
- Extension of the qualifying individual (QI) program.
- Extension of Transitional Medical Assistance (TMA).
- Extension of Medicaid and CHIP Express Lane option.
- Extension of family-to-family health information centers.
- Extension of Special Diabetes Program for Type I diabetes and for Indians..
- IPPS documentation and coding adjustment for implementation of MS-DRGs.
- Revisions to the Medicare ESRD bundled payment system to reflect findings in the GAO report.
- Treatment of multiple service payment policies for therapy services.
- Payment for certain radiology services furnished under the Medicare hospital outpatient department prospective payment system.
- Adjustment of equipment utilization rate for advanced imaging services.
- Medicare payment of competitive prices for diabetic supplies and elimination of overpayment for diabetic supplies.
- Medicare payment adjustment for non-emergency ambulance transports for ESRD beneficiaries.
- Removing obstacles to collection of overpayments.
- Medicare advantage coding intensity adjustment.
- Elimination of all funding for the Medicare Improvement Fund.
- Rebasing of State DSH allotments.
- Repeal of CLASS program.
- Commission on Long-Term Care.
- Consumer Operated and Oriented Plan program contingency fund.
Agricultural Programs
- 1-year extension of agricultural programs.
- Supplemental agricultural disaster assistance.