Coveted tax breaks, including state, local and mortgage interest deductions as well as charitable contributions, may all be on the table when Congress starts debating tax reform. But don't hold your breath waiting for change, author and tax reform expert Bruce Bartlett told financial advisors at NAPFA's fall conference in Philadelphia.

"I think there's zero chance of tax reform happening before the next presidential election," Bartlett said during his keynote address to the conference. In addition to the bitter partisan divide in Congress paralyzing legislation, the Obama administration has "very little interest" in tax reform, Bartlett pointed out.

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