Expiring tax benefits

The following benefits are scheduled to expire or have been repealed and will not be available for 2012.

• Personal tax credits allowed against regular tax and alternative minimum tax
  
• Work opportunity tax credit
  
• Deduction for state and local general sales tax
  
• Deduction for qualified tuition and related expenses expires
  
• Deduction for educator expenses
  
• Nonbusiness energy credits
  
• Credit for tax credit bonds
  
• Qualified electric vehicle passive activity credit
  

IRS Circular 230 Disclosure

Pursuant to the requirements of the Internal Revenue Service Circular 230, we inform you that, to the extent any advice relating to a Federal tax issue is contained in this communication, including in any attachments, it was not written or intended to be used, and cannot be used, for the purpose of (a) avoiding any tax related penalties that may be imposed on you or any other person under the Internal Revenue Code, or (b) promoting, marketing or recommending to another person any transaction or matter addressed in this communication.