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rentals, over 50 housing , which desperate housewife are you , purestock, stock, webzine, spain, bluemoon, personal ads online, housewife photos , mars, 1950's housewife , | *“Catch-up” contributions for people age 50 and above. Weller Provision *Provides over 50 other improvements. *Eliminates Section 415 limitations for multi-employer pensions. Weller Provision Education Incentives *Increases education savings accounts (ESAs) from $500 to $2,000 and expands to older boobs K-12 public and private education. *Above-the-line deduction for qualified higher education expenses. *Allows older boobs tax-free distributions from Qualified Tuition older boobs Plans and permits private institutions to offer such plans. *Makes permanent employer-provided educational assistance exclusion and extends the benefit of the exclusion to graduate level courses. Adoption Tax Credit (Similar to H.R. 622) *Increases the credit to $10,000 for special needs (currently $6,000) and non-special needs children (currently $5,000). |
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Marriage Penalty Repeal (Similar to H.R. 6)--Weller Provision *15 percent bracket adjusted to twice that of mars singles. *Standard deduction for married couples will be twice that of singles is phased-in over five years beginning in 2005. **Continued on page 2 Page 2: Child Tax Credit Expansion (Similar to H.R. 6) *Doubles the child credit from $500 to $1,000. *Increases mars child credit to $600 (2001-2004), $700 (2005-2008), $800 (2009), $1,000 (2010), and makes refundable in part. mars Estate/Death Tax Repeal (Similar to H.R. 8) *Repeals the death tax in 2010. *Phases in increase in the unified credit -- $1 million (2002-2003), $1.5 million (2004-2005), $2 million (2006-2008), $3.5 million (2009). *Expands the availability of the current law estate tax exclusion for conservation easements. Pension and Retirement Savings (Similar to H.R. 10) *Increases IRA contributions from $2,000 to $5,000. *Increases 401(k) and other tax-deferred contribution limits from $10,500 to $15,000. *Deletes tax-free IRA withdrawals for charitable purposes. |
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