On the evening of December 16, the Senate passed the Tax Increase Prevention Act of 2014 ("Extenders Act"), retroactively reinstating many tax breaks that expired at the end of 2013, but only extending those provisions through 2014. The House of Representatives originally passed the Extenders Act on December 3 and, with the Senate's vote, the bill now heads to President Obama, who is expected to sign it. After a year filled with discussions about corporate tax reform and the permanent extension of popular provisions such as the research tax credit, to walk away with only a one-year extension of the expired provisions feels anticlimactic. Taxpayers that were hesitant to take advantage of the tax breaks until they were officially extended will have little time to do so before year end. At least taxpayers and their tax advisors will be able to factor these provisions into their year-end tax projections for their fourth quarter estimate calculations.