Fiscal Cliff Tax Changes

1 25C Residential Energy Credit Extended thru 12/31/13 2 Alternative Minimum Tax Patch is Permanent 3 Bonus Depreciation Extended for 2013 4 Business tax breaks extended 5 Capital Gains and Dividends Rates 6 Contributions of capital gain real property made for conservation purposes 7 Coverdell Education Savings 8 Credits Extended for One Year Only 9 Debt Forgiveness of Residence 10 Depreciation provisions modified and extended 11 Direct Charitable Donations from IRA Extended 12 Earned Income Tax Credit 13 Employer Provided Mass Transit Benefits 14 Estate Tax Exemption Remains at $5.12 Million 15 Estate Tax Portability 16 Income tax rate increases to 39.6% for "Wealthy" 17 Individual Income Tax Rates 18 Mortgage Insurance Premiums 19 New Markets Tax Credit 20 Official Name of "Fiscal Cliff" Legislation 21 Phase -out of Itemized Deductions 22 Phase-Out of Personal Exemptions Reinstated 23 Qualified Leasehold Improvements 24 Sales Tax Deduction Extended 25 Section 179 Limits Revised 26 small business stock provisions 27 Social Security Payroll Tax Cut Lapses 28 Tax Credits Extended for 5 years 29 Teachers' classroom deduction extended 30 The above the line Tuition deduction 31 Unemployment Benefits Extended 32 Various Tax Credits Extended 33 What provisions would have expired had Congress not made a retroactive reinstatement?