As speculation continues about the direction that legislatures will pursue to reduce the nation’s deficit, the Washington Post published this article indicating that the tax breaks on retirement savings may be at risk: Lawmakers consider changing tax breaks on retirement savings – The Washington Post. Taxpayers and there advisers need to keep a close eye on changes to the tax code over the upcoming year as consideration is made over a possible limitation on the mortgage interest and real estate deduction, in addition to other aspects of the Code such as increased capital gains rates, all of which could impact a large portion of Americans.
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