An Overview of the Tax Provisions in the American Taxpayer Relief Act of 2012

Crandall-Hollick, Margot L.

Library of Congress. Congressional Research Service.

关键词: Fiscal policy;    Tax policy;    Taxation;    Estate tax;    Income tax;   

RP-ID  :  R42894
RP-ID  :  R42894_2013Jan10

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report provides an overview of the tax provisions (Titles I-IV and Title X of P.L. 112-240) included in the "fiscal cliff deal," including the permanent extension and modification of the 2001 and 2003 tax cuts, often referred to collectively as the "Bush-era tax cuts"; the temporary extension of certain tax provisions originally included as part of the American Recovery and Reinvestment Act (ARRA; P.L. 111-5), often referred to as the "2009 tax cuts"; the permanent extension of the alternative minimum tax (AMT) patch; the temporary extension of a variety of other temporary expiring provisions for individuals, businesses, and energy often referred to as "tax extenders" and the expansion of in-plan conversions of traditional employer-sponsored retirement accounts (like 401(k) plans) to employer-sponsored Roth accounts (like Roth 401(k) plans).