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Federal income tax rates and inflation adjusted provisions
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Phased in legislative highlights from tax Acts prior to 2007
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Earned income credit, Social Security & self-
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Standard deduction, personal exemption & educational credits
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Alternative Minimum Tax
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Health Savings Accounts & long-
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Charitable contributions
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Tax Increase Prevention and Reconciliation Act
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Pension Protection Act
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Tax Relief and Health Care Act
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Individual retirement plan developments (§401-
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Like kind exchange rules (§1031)
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Innocent spouse provisions (§6015)
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Head of household status (§2) & dependent care (§21)
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Energy efficiency provisions (§25C & §30B)
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Earned income credit tools and developments (§32)
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Definition of individual income (§61)
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Issues regarding divorce settlements and alimony (§71)
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New restrictions on private annuity income (§72)
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Personal injury award developments (§104)
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Cancellation of indebtedness income exceptions (§108)
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Home sale exclusion rule (§121)
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Charitable contribution limitations (§170)
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Individual retirement plan developments (§401-
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Like kind exchange rules (§1031)
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Innocent spouse provisions (§6015)
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