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How these items are impacted under the New Legislation.1. Unearned Income of Children2. Capital...How...

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Accounting

How these items are impacted under the New Legislation.

1. Unearned Income of Children

2. Capital Gains and Qualified Dividend rate

3. Alternative Minimum Tax Exemption.

4. Business Income of Individuals.

5. Limitation on Non corporate losses

6. Education Savings Rules

7. Discharge of Student Loan indebtedness

8. Overall Limitaton on itemized deduction

9. Mortgage Interest

10. State and Local taxes

11. Personal Casualty losses

12. Charitable Contribtions

13. Itemized deduction subject to 2% floor

14. Medical Expense Deduction

15. Alimony payment deduction.

Answer & Explanation Solved by verified expert
3.8 Ratings (451 Votes)
Answers 1Unearned Income of Children The kiddie assess applies to unmerited pay that has a place with a kid It implies that if your tyke has unmerited pay more than 2100 some of it will be exhausted at your duty rate Have more than 2100 of unmerited pay Have somewhere around one living guardian 2Capital Gains and Qualified Dividend rate Qualified profits as characterized by the United States Internal Revenue Code are normal profits that meet particular    See Answer
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In: AccountingHow these items are impacted under the New Legislation.1. Unearned Income of Children2. Capital...How these items are impacted under the New Legislation.1. Unearned Income of Children2. Capital Gains and Qualified Dividend rate3. Alternative Minimum Tax Exemption.4. Business Income of Individuals.5. Limitation on Non corporate losses6. Education Savings Rules7. Discharge of Student Loan indebtedness8. Overall Limitaton on itemized deduction9. Mortgage Interest10. State and Local taxes11. Personal Casualty losses12. Charitable Contribtions13. Itemized deduction subject to 2% floor14. Medical Expense Deduction15. Alimony payment deduction.

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