The Medford Tax Experts, Inc.

425 High Street, Medford, MA 02155

What we mean when we say "Relax and let an expert do your tax" is that taxpayers are trying to do the right thing and file an accurate tax return. Allow us to help ease the stress.

office 781-219-4206
fax 781-874-9240

Expiring Tax Benefits, as of 12/31/2016
  • Tuition deductions to income
  • Mortgage Insurance Premium deductions for some taxpayers
  • Cancelled Mortgage Debt Relief
  • Business Energy Credits
  • Energy Credits
    • Bio fuels
    • Alternative Fuels
    • Efficiency Improvements
      • Insulation
      • Windows, skylights & exterior doors
      • Water heaters
      • Special stoves
      • Special roofs
      • Some heating & AC systems

Some tax items are scheduled to expire soon

  • Bonus Depreciation, a special expense for capitalized business investments
  • Home energy & Business Solar credits

Are there chances for tax simplification? The last Congress made some temporary tax item permanent.  

  • The $250 Educator Expense Deduction is now indexed for inflationary increases
  • Sales Taxes are an itemized deduction, if the taxpayer does not pay a state income tax
  • Charitable Donations from an IRA for taxpayers over the age of 70
  • Special depreciation expense options for businesses
  • Capital gains exclusion for certain small business stocks