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The act extends such relief for three years, applying to debts discharged in calendar years 2007 through 2009. With the Emergency Economic Stabilization Act of 2008, this tax relief was extended another three years, covering debts discharged through calendar year 2012. The relief was further extended until January 1, 2014, at Section 202 of the ...
P.L. 109-432 Enacted 12/20/06 Tax Relief and Health Care Act of 2006; P.L. 109-433 Enacted 12/20/06; P.L. 110-28 Enacted 05/25/07 U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007; Small Business and Work Opportunity Tax Act of 2007; P.L. 110-92 Enacted 09/29/07
Taxpayer Relief Act of 1997; Long title: An act to provide for reconciliation pursuant to subsections (b)(2) and (d) of section 105 of the concurrent resolution on the budget for fiscal year 1998. Enacted by: the 105th United States Congress: Effective: January 1, 1998: Citations; Public law: Pub. L. 105–34 (text) Legislative history
ATRA gave permanence to the lower rates of much of the "Bush tax cuts". [1] The Act centers on a partial resolution to the US fiscal cliff by addressing the expiration of certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (known together as the "Bush ...
For 2007, the maximum credit per child is $1,000. A Tax credits are very advantageous to taxpayers because they represent a direct reduction in the tax dollars to be paid.
The phrase Bush tax cuts refers to changes to the United States tax code passed originally during the presidency of George W. Bush and extended during the presidency of Barack Obama, through: Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)
The Tax Relief for American Families and Workers Act is a $78 billion package that would expand the Child Tax Credit (a tax benefit that provides money to parents), restore business tax breaks, increase federal funding for states to encourage the development of low-income housing, deepen economic ties between the United States and Taiwan and end a pandemic-era employer tax benefit.
The act extended the Bush tax cuts for an additional two years (until January 1, 2013) and "patched" the exemptions to the Alternative Minimum Tax (AMT) for tax year 2011. This act also authorized a one-year reduction in the Social Security employee-payroll tax. The reduction was extended for the 2013 year by the Middle Class Tax Relief and Job ...
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