Tax Legislations

Changing tax laws have a direct impact on your business and personal success. The resources on this page support our ongoing effort to keep you informed of important tax news, so you can develop more effective tax strategies. Visit regularly for updates on the latest legislative action, along with analysis and insight on what it means to you.

 

TAX RELIEF AND JOB CREATION ACT OF 2010

  • Tax Relief Act of 2010 Has Something for Everyone

The impact of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (H.R. 4853) has been widespread and immediate. The extension of Bush-era tax cuts for two years is just the beginning. Nearly every taxpayer in America – individual and business – will be affected by some part of the $800 billion-plus package.

 

SMALL BUSINESS JOBS ACT

  • New tax breaks designed to boost business investment and spending

Signed into law on Sept. 27, the Small Business Jobs Act (H.R. 5297) is meant to stimulate business investment and spending. It includes a package of extended and expanded business incentives, benefits to promote retirement savings and revenue raisers to cover the $12 billion price tag.

 

HOMEBUYER TAX CREDIT

  • Deadline Extended for Homebuyer Tax Credit

Homebuyers now have until Sept. 30, 2010 to claim the Homebuyer Tax Credit. Here’s a look at details, including important documentation requirements.

 

HIRE ACT / JOBS CREATION

  • A Tax Perspective on the HIRE Act of 2010

The HIRE Act is an attempt to boost the economy by giving employers immediate but temporary incentives to create jobs and hire those who have been unemployed. It has important tax implications for individuals and businesses.

  • HIRE Act Aims to Boost Hiring Through 2010

The Hiring Incentives to Restore Employment (HIRE) Act provides $17.6 billion in temporary tax breaks designed to encourage employers to expand their workforce.

  • CCH Tax Briefing: President Signs HIRE Act; New Law Provides Hiring Incentives, Expensing Extension And More

 

HEALTH CARE REFORM

  • A Tax Perspective on the Health Care Reform Act

The historic overhaul of the American health care insurance and delivery system will have tax implications for years to come. This white paper offers an overview.

  • A Year-By-Year Look at Tax Credits, Increases, Penalties and Reporting Requirements Related to Health Care Reform and Jobs Creation

In the minds of many Americans, the Patient Protection Act is one huge, towering entity that is set to offer incentives and credits, and impose reporting mandates, taxes, penalties and new regulations, all at once. In fact, only a few provisions of the law will take effect in 2010.

  • Health Care Reform Law Means – Mandates, Tax Increases and Incentives for All

Tax issues – both as incentives and increases – are a major component of the massive health care reform legislation signed by the President on March 23. The Patient Protection Act includes $400 billion in revenue raisers and taxes on employees and individuals.

  • CCH Tax Briefing: Congress Completes Overhaul Of Health Care Law; Makes Many Tax Changes

 

AMERICAN RECOVERY AND REINVESTMENT ACT

  • American Recovery and Reinvestment Act of 2009

The American Recovery and Reinvestment Act of 2009 is one of the most massive and far-reaching pieces of legislation in history. According to some economists, the nearly $800 billion bill is also one of the most important in a generation.