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5 Popular Tax Breaks On The Brink Of Extinction

Tax Breaks

First Posted: 03/10/11 03:26 PM ET Updated: 05/25/11 07:35 PM ET

FORTUNE:

It's tax season. Although keeping tabs on the details of income and expenses can be a little dreadful, filers have plenty to look forward to when Uncle Sam hands out that refund. There are countless deductions to take advantage of to lower your tax burden -- and they're not just for the uber rich. From buying a home to putting your kids in college, taxpayers can deduct or receive credit on many items.
But leverage the opportunities now. Many popular tax breaks are set to either expire or scale back as the government's stimulus package from 2009 winds down. With the help of the Tax Institute at H&R Block, Fortune lists five tax favored breaks approaching extinction.
Get 'em while they last.

Read the whole story: FORTUNE

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Filed by Ryan McCarthy  |