“As you may be aware, the Bush-era tax cuts of 2001 and 2003 may expire at the end of 2012. Or they may be extended. Or they may be extended, but modified. Or they may expire, and then be extended or modified in 2013. It is all up to Congress, which most likely will not do anything until after the election.”
Savvy year-end tax moves to consider now, Fidelity Viewpoints, October 10, 2012
Thanks, guys, for the clarification!