Despite House passage of the Tax Extenders Act of 2009 (H.R. 4213), it appears possible that tax provisions important to the higher education community may expire at the end of the month. The provisions include the education tuition deduction, the IRA charitable rollover, and the research and development tax credit. Disagreements in the Senate over offsets for the tax provisions, as well as the laser focus on health care reform, make passage of the legislation by the end of the month unlikely. However, it remains possible that the a bill will be passed in early 2010 that would be retroactive to the beginning of the year.
December 10, 2009