New York (CNNMoney.com) - Lawmakers will start 2010 with a hefty to-do list thanks to a lot of unfinished tax business they left on the table in 2009. The chief example: the estate tax.
Senate Democrats failed to reach a deal with Senate Republicans to temporarily extend the estate tax into 2010, when it is scheduled to be repealed for one year.
But that doesn't necessarily mean there won't be any tax on inheritances in the year about to start.
Senate Finance Chairman Max Baucus, D-Mont., and House Ways and Means Chairman Charles Rangel, D-New York, have said they will try to get it reinstated for 2010 after the new year.