Tax Relief Act of 2010
Two-Year Extension of Bush-Era Tax Cuts Becomes Law
Table of Contents Incentives for Individuals Federal Estate & Gift Taxes Incentives for Businesses Payroll Tax Relief and Additional Economic Incentives Included in New Legislation On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, or H.R. 4853 (hereafter, “the Act”). The bipartisan legislation extends for two additional years many of the so-called “Bush-era tax cuts” originally enacted under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). Key provisions of the new law extend the individual and capital gains/dividend tax cuts for all taxpayers through 2012, enact a payroll tax cut for 2011, provide a two-year AMT. Read More.