10 tax changes for 2008

3. Expiring tax breaks renewed

The government has renewed several tax breaks that had expired at the end of 2007. They include:

  • Deductions for state and local sales tax
  • Expense deductions for teachers
  • Deductions for tuition and fees
  • Credits for first-time home buyers in Washington, D.C.
  • The residential energy-efficiency property credit
(istockphoto.com)
3. Expiring tax breaks renewed The government has renewed several tax breaks that had expired at the end of 2007. They include: Deductions for state and local sales tax Expense deductions for teachers Deductions for tuition and fees Credits for first-time home buyers in Washington, D.C. The residential energy-efficiency property credit