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American Taxpayer Relief Act of 2012; Long title: An act to extend certain tax relief provisions enacted in 2001 and 2003, and to provide for expedited consideration of a bill providing for comprehensive tax reform, and for other purposes.
The Middle Class Tax Relief and Job Creation Act of 2012 (Pub. L. 112–96 (text), H.R. 3630, 126 Stat. 156, enacted February 22, 2012), also known as the "payroll tax cut", was an Act of the United States Congress.
The tax cut extension for the remainder of the year was passed as the Middle Class Tax Relief and Job Creation Act of 2012 on February 17, 2012, by a vote of 293–132 in the House and 60–36 in the Senate. The bill also contained a further extension of unemployment benefits and the Medicare reimbursement rates.
On January 1, 2013, the Bush Tax Cuts expired. However, on January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012, which reinstated many of the tax cuts, effective retroactively to January 1. The 2012 Act did not repeal the increase in the highest marginal income tax rate (from 35% to 39.6%) which had been imposed on ...
The Bush tax cuts of 2001 and 2003, which had been extended for two years by the 2010 Tax Relief Act, were scheduled to expire on December 31, 2012. Planned spending cuts under the Budget Control Act of 2011 also came into play.
Like it or not, the rules for filing your taxes change every year. Even experts have to relearn the ropes annually, with law changes, new forms, and other hurdles posing a constant challenge.
February 22, 2012 Middle Class Tax Relief and Job Creation Act of 2012: Final version of the Temporary Payroll Tax Cut Continuation Act of 2011. 112-97: February 27, 2012 (No short title) Performed a land transfer to the Quileute Tribe reservation on the Olympic Peninsula for the moving of infrastructure outside of disaster-threatened areas. 112-98
The 2017 Tax Cuts and Jobs Act (TCJA), signed by then-President Trump, was the most recent major overhaul to the IRS tax code. ... President Clinton signed the Taxpayer Relief Act of 1997, an ...
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