Note: The following was passed by congress and signed by the President in December.
Income Tax
-All the Bush tax cuts remain at all levels for two years.
Including:
-The child credit
-Adoption credit
-Dependent care credit
-Education credits
-Child tax credit (more refundable)
-Earned income tax credit.
-AMT is patched for 2010 and 2011.
Capital Gains and Dividends
-Retain 15% rate for two years (as well as the rate structure for lower income).
