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Congress Extends Popular Tax Breaks Congress recently passed the Tax Relief and Health Care Act of 2006 (TRHCA), which extended a number of popular tax breaks.   Potential Double Benefit from a Tax Deduction For most taxpayers, the amount of federal income tax they pay each year often depends upon where they fall in the federal income tax brackets and on the breakdown of their taxable income between ordinary (e.g., wages) and capital gains from the sale of assets (e.g., common stock).   New Tools Make College Planning Easier Planning for college is quite often a very stressful process. First, you determine which educational institution your student will attend and deal with the process of gaining admittance.