Tax Policy Center: Tax Provisions in the American Taxpayer Relief Act of 2012 (ATRA)

 

Tax Provisions in the American Taxpayer Relief Act of 2012 (ATRA)

January 9, 2013 – The American Taxpayer Relief Act of 2012 (ATRA) makes permanent most of the tax cuts enacted in 2001 and 2003, permanently patches the alternative minimum tax, extends for five years the enhancements to individual income tax credits originally enacted in the 2009 stimulus legislation, and temporarily extends certain other tax provisions.

A new Tax Policy Center paper by Jim Nunns and Jeff Rohaly describes in detail the individual, corporate, and estate tax provisions in ATRA. It includes, for example, the tax brackets that will apply in 2013, the parameters for the alternative minimum tax (AMT), and a list of both individual and business "extenders" included in ATRA.

 

Comments are closed.