Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Important Changes This Year

Summary

Extended and Expired Legislation

The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extended the following provisions through December 31, 2020.

  • Exclusion from gross income of qualified principal residence indebtedness.
  • Mortgage insurance premiums deductible as qualified residence interest.
  • Deduction for qualified tuition & fees.
  • Credit for nonbusiness energy property (residential energy credit).
  • Reduction in the medical expense deduction floor to 7.5%
Caution

Congress may enact additional legislation that will affect taxpayers after this publication goes to print. Any changes will be reflected in Publication 4491-X, VITA/TCE Training Supplement, available in mid-January on www.irs.gov.