The Senate Finance Committee voted to extend all but two of the 50 temporary tax breaks for businesses and individuals that expired at the end of last year. Congress is expected to pass the tax package by the end of the year, so businesses and individuals can continue to claim the tax breaks when they file their 2014 taxes next year. If passed, the bill will include the provision for the deduction of state and local taxes for two years. TSCPA has been lobbying on this issue for its members and has written letters to members of Congress urging them to extend and make permanent the deduction for state and local taxes. TSCPA will continue to update you on this issue.