Congress delivers tax relief in the nick of time
Abstract: After weeks of heated debate and controversy, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 on Dec. 17. This article examines how the new act affects businesses and individuals. It discusses such topics as income tax rates, payroll taxes, capital gains and dividends rates, and estate and gift tax changes. A sidebar lists other breaks that have been extended or expanded.