Tax Tip - Renewed Tax Breaks for 2008 and 2009

The following tax breaks were renewed for the 2008 and 2009 tax years:

• Deduction for state and local sales taxes on Form 1040 Schedule A
• Educator expense deduction
• Tuition and Fees deduction
• Residential Energy-Efficient Property Credit was extended through 2016. This includes solar electric, solar water heating, fuel cell property, small wind energy, and geothermal heat pump property.

Per IRS TT-2009-24