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Tax law changes planned for 1997 year junior
The article outlines forthcoming 1997 tax changes including a 5000 dollar adoption credit and 5000 dollar employer adoption exclusion plus a 6000 dollar domestic special needs adoption cap. It notes full 2000 dollar IRA contributions for non working spouses and extended health premium deductibility for the self employed. It also mentions medical savings accounts, penalty free IRA withdrawals for medical costs, long term care deductions, and life insurance exclusions for terminal illness.
MENTIONED IN THIS ARTICLE
Ashington
Congress