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2011 Tax rules extend Bush cuts and AMT patch
Congress extended the Bush era tax cuts through 2012 and patched the AMT for 2011. The payroll holiday lowers Social Security withholdings, boosting take home pay, while credits for education and energy improvements remain. Tax planning now urged to maximize savings, with warning that laws could still change.
MENTIONED IN THIS ARTICLE
Carole Feldman
Associated Press
Washington
Congress
Obama
Greg Rosica
Ernst & Young
Barbara Weltman
J.K. Lasser
Weltman
IRS
Certified Public Accountants
Rosica