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dc.contributor.advisorJohnson, Lindaen_US
dc.contributor.authorFreeman, Alisonen_US
dc.date.accessioned2016-02-26T20:56:44Z
dc.date.available2016-02-26T20:56:44Z
dc.date.issued1998
dc.identifier.urihttp://commons.lib.niu.edu/handle/10843/15873
dc.description.abstractThe Taxpayer Relief Act of 1997 greatly affected the way individuals file their income tax returns. The purpose of this Act is to provide relief for individual taxpayers in the form of tax credits and deductions. By the end of the 1998 tax year, most of the provisions of this Act will be in effect. The focus of my research was to analyze and provide examples of the major provisions affecting individuals. Many of the sections studied dealt with children and education, including the Child Tax Credit, Hope Scholarship Credit, Lifelong Learning Credit, and the standard deduction for dependents. The rest of the sections focused on savings and investment incentives, such as Roth lRAs, changes to conventional lRAs, savings from the sale of a principal residence, and changes in the rules for capital gains. The overall effect of the Taxpayer Relief Act will not be clear until well after the 1998 Individual Income Tax Returns are filed in 1999. It is expected, however, that many individuals will take advantage of the new tax credits and deductions. In order to use each provision effectively, taxpayers should consult a tax planner for advice.en_US
dc.format.extent26 pagesen_US
dc.language.isoen_USen_US
dc.publisherNorthern Illinois Universityen_US
dc.rightsNIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.en_US
dc.subjectaccountingen_US
dc.subjecttax lawen_US
dc.subjectindividual income tax returnsen_US
dc.subject1998en_US
dc.titleNew for 1998: How Changes in the Tax Law Affect the Filing of Individual Income Tax Returnsen_US
dc.type.genreDissertation/Thesisen_US
dc.typeTexten_US
dc.contributor.departmentDepartment of Accountancyen_US
dc.description.degreeB.S. (Bachelor of Science)en_US


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