Keeping up with ever-changing tax rules is like trying to hit a moving target that keeps getting smaller and moving faster. Big new laws like the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 have cut taxes in many ways–none of them simple. Their tax savings–including across-the-board rate cuts, reduced capital gain and dividend taxes, larger retirement plan deductions, "marriage penalty" help, more tax-favored education-savings options, expanded alternative minimum tax relief, and estate tax reduction, to name just a few–all come at a cost of tremendously increased complexity. The rules change from year to year, phasing in and phasing out, and in most cases "sunsetting" completely after 2010. Ignoring these changes is not an option; there’s too much to lose.
How can one make sense of it all?
PricewaterhouseCoopers Guide to the New Tax Rules answers your most frequent questions about the tricky new tax laws. Using plain language everyone can understand, the trusted tax professionals at PricewaterhouseCoopers explain how the new rules affect your personal finances and how you can benefit from newly available opportunities. They outline the best ways to handle your investments, plan for your retirement, pay for your children’s education, maximize tax savings, and much more.
Filled with in-depth insights and practical advice, this comprehensive guide will:
- Give you proven tips, techniques, and methods for taking advantage of new tax rules
- Help you plan for new rules that don’t take effect until 2004 or later
- Arm you with unique insights, savvy suggestions, and vivid examples for dealing with this year’s tax provisions
- And much more
