Taxpayer Relief Act Of 1997

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Dictionary Says

Definition of 'Taxpayer Relief Act Of 1997'

One of the largest tax-reduction acts in U.S. history, this legislation reduced tax rates and offered new tax credits for taxpayers across the board. This act introduced the Child Tax Credit, raised the unified credit limit and the tax exclusion from the sale of a personal residence. This act also provided tax relief for education savings and retirement accounts.
Investopedia Says

Investopedia explains 'Taxpayer Relief Act Of 1997'

The Taxpayer Relief Act of 1997 was signed off on by President Clinton on August 5, 1997. In addition to the aforementioned tax breaks, this act also created a $1.3 million exclusion for farms and small businesses. This act was widely applauded by the American public, and has since provided billions of dollars in tax relief for both personal and business taxpayers.
Search results for

'Taxpayer Relief Act Of 1997'

  • Is it true that you can sell your home and not pay capital gains ...

    http://www.investopedia.com/ask/answers/06/capitalgainhomesale.asp
    ... Based on the Taxpayer Relief Act of 1997, if you are single, you will pay no capital
    gains tax on the first $250,000 you make when you sell your home. ...

  • Will Your Home Sale Leave You With Tax Shock?

    http://www.investopedia.com/articles/pf/06/homesaletax.asp
    ... without buying another home. The New Regulations On May 6, 1997, the Taxpayer
    Relief Act of 1997 took effect. The act did away with ...

  • Tax Treatment Of Roth IRA Distributions

    http://www.investopedia.com/articles/retirement/03/030403.asp
    ... Plans, Taxes. The Taxpayer Relief Act of 1997 created the Roth IRA, which
    was made effective for tax years beginning 1998. Prior ...

  • A Tax Primer For Homeowners

    http://www.investopedia.com/articles/pf/06/mortgagepoints.asp
    ... primary residence) for at least two of the five years prior to selling it, you may
    not need to pay any tax at all, thanks to the Taxpayer Relief Act of 1997. ...

  • Parties For Taxes: Republicans Vs. Democrats

    http://www.investopedia.com/articles/economics/09/us-parties-republican-democrat-taxes.asp
    ... Under Clinton, The Taxpayer Relief Act of 1997 offered a new tax benefit
    to families through the Per-Child Tax credit. This credit ...

  • Series 26 Study Guide - Retirement and College Savings Plans ...

    http://www.investopedia.com/exam-guide/series-26/retirement-college-plans/roth-iras.asp
    ... Retirement and College Savings Plans - Roth IRAs. The Roth IRA was introduced
    by the Taxpayer Relief Act of 1997. This Act essentially ...

  • Series 6 Study Guide - Retirement and College Savings Plans - Roth ...

    http://www.investopedia.com/exam-guide/finra-series-6/retirement-college-savings-plans/roth-iras.asp
    ... Retirement and College Savings Plans - Roth IRAs. The Roth IRA was introduced
    by the Taxpayer Relief Act of 1997. This Act essentially ...

  • An Introduction To Roth IRAs

    http://www.investopedia.com/articles/retirement/04/091504.asp
    ... June 25 2011 | Filed Under ยป IRA, Retirement, Retirement Plans, Taxes. Since its
    introduction under the Taxpayer Relief Act of 1997, the Roth IRA has become a ...

  • How Taxes Affect The Economy - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1211/How-Taxes-Affect-The-Economy.aspx
    ... By 1997, unemployment had dropped to 5.3% and the Republicans passed the Taxpayer
    Relief Act. Clinton resisted the bill at first, but ultimately signed it. ...

  • Are The Volunteer Corps Right For You?

    http://www.investopedia.com/articles/younginvestors/07/join-the-corps.asp
    ... there are tax credits like the Hope Scholarship Credit, the Lifelong Learning Credit
    and the Taxpayer Relief Act of 1997 that may be able to ease the sting. ...

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