What the Tax Bill Means For You?

With the clock winding down on 2010, one of the most biggest news stories about the lame duck session of Congress was whether we'd get a resolution to the issue of income taxes. With tax rates set to increase in 2011 after the sunset of the Bush era tax cuts, which the name given to the tax cuts in the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003, Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

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