The tax extender bill retroactively extends more than 50 expired tax provisions for 2014. The bill is know as the Tax Increase Prevention Act of 2014 as it extends many tax provisions for 2014. Some of the individual tax provisions extended for 2014 are:
- Teacher educator deduction for certain expenses
- Exclusion from income discharge of qualified principal residence indebtedness.
- Reinstating parity between employer provided mass transit and parking benefits