Economic Growth And Tax Relief Reconciliation Act of 2001 - EGTRRA

Economic Growth And Tax Relief Reconciliation Act of 2001 - EGTRRA
A U.S. tax law, effective for tax years beginning 2002, that made some of the most important changes to retirement plans, including increased contributions and deductibility limits for IRA and employer-sponsored plans, and expanded the portability rules for retirement plans in general. EGTRRA also increased the estate-tax exclusion and increased the generation-skipping transfer-tax exemption amounts.

Many of the changes brought about by EGTRRA are scheduled to sunset in 2010. This means that unless new laws are passed to extend these provisions, things will revert to the way they were before EGTRRA. Taxpayers would do well to take advantage of as much of the EGTRRA provisions as they can before the provisions sunset.


Investment dictionary. . 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Economic Growth and Tax Relief Reconciliation Act of 2001 — The Economic Growth and Tax Relief Reconciliation Act of 2001 (USPL|107|16, USStat|115|38, June 72001), was a sweeping piece of tax legislation in the United States. It is commonly known by its abbreviation EGTRRA, often pronounced egg tra or egg …   Wikipedia

  • Jobs and Growth Tax Relief Reconciliation Act of 2003 — The Jobs and Growth Tax Relief Reconciliation Act of 2003 ( JGTRRA , USPL|108|27, USStat|117|752), was passed by the United States Congress on May 23, 2003 and signed by President Bush on May 28, 2003.Among other provisions, the act accelerated… …   Wikipedia

  • Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 — Effective (Various dates for different provisions) Citations Public Law Public Law 111 312 Stat …   Wikipedia

  • Reconciliation (U.S. Congress) — Reconciliation is a legislative process of the United States Senate intended to allow a contentious budget bill to be considered without being subject to filibuster. Reconciliation also applies in the United States House of Representatives, but… …   Wikipedia

  • Reconciliation-Verfahren — Das Reconciliation Verfahren ist ein Gesetzgebungsprozess im Senat der Vereinigten Staaten. Es wurde 1974 eingeführt, um ein Gesetzgebungsverfahren zu schaffen, in dem Filibuster nicht möglich sind. Der Name Reconciliation (engl. für… …   Deutsch Wikipedia

  • EGTRRA — Economic Growth And Tax Relief Reconciliation Act (Governmental » US Government) Economic Growth and Tax Relief Reconciliation Act of 2001 (Community » Law) …   Abbreviations dictionary

  • Bush tax cuts — Part of a series of articles on Unit …   Wikipedia

  • Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… …   Wikipedia

  • United States federal budget — The Budget of the United States Government is a federal document that the President submits to the U.S. Congress. The President s budget submission outlines funding recommendations for the next fiscal year, which begins on October 1st.… …   Wikipedia

  • 401(k) — In the United States of America, a 401(k) plan allows a worker to save for retirement while deferring income taxes on the saved money and earnings until withdrawal. The employee elects to have a portion of his or her wage paid directly, or… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”