New Federal Tax Law Enacted

On December 17, 2010, the president signed into law an S858 billion federal tax package. The main elements of the legislation are a two-year extension of the reductions of income. Capital gains and dividend taxes enacted during (he Bush Administration and a one-year extension on unemployment insurance benefits that had ended as of December 1. Although many parts of the package are of relatively short duration, below are some highlights of the new tax law: For 2011 and 2012 the maximum estate tax raw will be 35%.with a $5 million exemption per person. Your Paycheck Beginning in January 2011, a 2% drop in an employee's share of the … [Read more...]

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New Federal Tax Law Enacted

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The Attorneys of the Law Offices of A.J. Glassman specialize in Contingency Cases including Personal Injury, Business, Employment and Real Estate Disputes including Litigation and Defense.