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anymore, urethral stricture, stock photos, spouses, sociology marriage & family, dating security, english language, physician recruitment, housewife fantasies , human growth homone, over 50 birthday , unchurched, wedding expo, disgruntled housewife , costa rica, | A credit of up to 50 percent of $2,000 in contributions for a married couple with income up to $30,000 ($15,000 for single individuals) is phased out for couples with incomes over $50,000 ($25,000 for single individuals). This is in effect for taxable years beginning after Dec. 31, 2001. widows Relief from the individual alternative minimum tax. The individual alternative minimum tax exemption widows amount increases by $2,000 for single taxpayers and $4,000 for married taxpayers filing joint returns for 2001 through 2004. For more information widows on the tax cut provisions, please see document "JCX-50-01" on the Joint Committee on Taxation's web site, www.house.gov/jct/. |
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Estate and gift tax provisions. The phase-out of the estate tax and the decrease of the gift tax begin in 2002. For example, decedents dying in 2002 will be able to pass on $1 million tax-free to their families. Pension and retirement account provisions. Extensive changes to rules covering individual retirement arrangements (IRAs) and qualified human growth homone pension plans include increased contribution limits and catch-up provisions for pensions and IRAs; increased contribution and benefit limits for qualified pension plans; and provisions human growth homone to enhance fairness for women. This human growth homone is in effect for taxable years beginning after Dec. 31, 2001. For example, starting yesterday, taxpayers will be able to contribute an additional $1,000 to an IRA. Low- and middle-income saver credit. The new law provides a non-refundable low- and middle-income credit for retirement savings to a 401(k), 403(b), 457 plan or an IRA. |
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