This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
New tax breaks and rate changes for 1996 and 1997
The Republican Congress and President Clinton enacted tax breaks in 1996 with impact on 1997 returns. Inflation adjustments raised exemptions and standard deductions, while tax brackets for singles and joint filers were updated. Capital gains and earned income credit rules are adjusted, with higher eligibility thresholds and credits for working families.
MENTIONED IN THIS ARTICLE
Ashington
Congress
Clinton
Internal Revenue Service