While the rich get richer...

Tax code changes will make 2007 the last year for:

• The tuition and fees deduction. Bummer if you have a kid in college or are doing continuing education for a better degree.
• But the teachers get screwed too. This is the last year for the educator expense deduction, which lets schoolteachers to write off up to $250 in out-of-pocket classroom expenses.
• And this is the last year to claim breaks on home energy improvement purchases. This means more energy efficient windows, water heaters, etc.

It gets more and more obscene.

h/t Quixote.