Consolidated Appropriations Act of 2020 - Extension of Expiring Familiar Provisions:
- Cancellation of qualified principal residence indebtedness exclusion from gross income: Extend through the end of 2020.
- Mortgage insurance premiums deduction: Extended through the end of 2020.
- Medical expense AGI limitation threshold reduced from 10% to 7.5% of AGI for all taxpayers for regular tax and for AMT purposes: Extended through the end of 2020.
- Tuition and fees deduction: Extended through the end of 2020.
- Race horse two years old or younger treated as 3-year property instead of 7-year property: Extended through the end of 2020.
- The penalty under the Affordable Care Act (commonly known as Obama Care) for not having minimum essential health insurance coverage is zero effective for 2019 and beyond.
- Energy efficient home credit for eligible contractors: Extended through the end of 2020.
- Non-business energy property credit (i.e., personal residence): Extended through the end of 2020.