Happy Holidays, New Tax Legislation Update.
Seasons greetings.Its been ten days and the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (2010 Tax Relief Act) is now on the books, with numbers that were similar to what was leaked before it was signed. Here is a synopsis of what the new legislation means:Income tax: extension of the Bush Tax cuts until the year of 2012 ( rates of 10, 15, 25, 28, 33 and 35). Capital Gains/Dividends: The maximum rate will be capped at 15 percent (zero percent for taxpayers in the 10 and 15 per- cent...
Published By: Your Estate Plan - Monday, 27 December, 2010