The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 ("the Act"), generally consists of extensions of expired or expiring tax provisions. One of the most important features is the extension of the Bush-era tax cuts set to expire December 31, 2010. Also included in the bill is the extension of several popular tax breaks and the AMT "patch" – all of which expired December 31, 2009. Below is a summary of these provisions.
The President signed the Act into law on December 17, 2010.
The President signed the Act into law on December 17, 2010.
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