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  • General Explanations of the Administration's Revenue Proposals

General Explanations of the Administration's Revenue Proposals

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Excerpt from General Explanations of the Administration's Revenue Proposals: February, 1997A tax exemption, in the form of a deduction, is allowed for each taxpayer and for each dependent Of a taxpayer. A dependent includes a child of the taxpayer who is supported by the taxpayer and is under age 19 at the close of the calendar year or is a student under age 24.The deduction amount is for tax year 1997. This amount is indexed annually for in¿ation.In addition to an exemption for each child, three other tax benefits may accrue to taxpayers with dependent or Otherwise qualifying children.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.
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