The Need to Address Expiring Tax Provisions

Giving taxpayers stable tax rules by providing an extension of expired and expiring tax provisions is a common-sense step

Previous lapses of these temporary tax provisions have caused confusion and hardship for the many taxpayers that utilize these tax incentives. Allowing these tax extenders to lapse at the end of 2022 would undermine their effectiveness, threaten thousands of jobs in the U.S. economy and cause needless uncertainty for taxpayers. As the country continues to grapple with the impact of COVID-19, supply chain challenges, and rising interest rates, tax uncertainty should be addressed without delay.

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