Taxpayer Relief Act of 1997 Some Less Publicized Provisions

摘要

On August 5, 1997, President Bill Clinton signed into law the Taxpayer Relief Act of 1997 (TRA97). Many of the provisions in this act that affect individual taxes have been widely covered by the media. Thsi includes the treatment of capital gains, child tax credit, sale of a residence, Roth IRAs, and education IRAs. There are other changes that affect individuals that have not been widely mentioned by the media. This paper discusses and critiques some of the provisions that fall into this latter category.