Tax Reduction Letter - New Law’s $70 Billion in Tax Cuts Requires Little Planning

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Article Date:

July 2006

Word Count:

193

New Law’s $70 Billion in Tax Cuts Requires Little Planning

Logically, you might wonder: Where are the $70 billion of tax cuts in the Tax Increase Prevention and Reconciliation Act (P.L. 109-222) that was signed into law by the president on May 17, 2006? Continuing with this logic, you could ask: What planning do I need to do right now to make this law work for me?

Don’t worry. For the most part, this law simply keeps in place for a few more years some of the existing tax breaks, such ... Log in to view full article.

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