After much wrangling and politics, on December 17th, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, otherwise known as “TRA 2010.” The law did many things: Temporarily extended the Bush-era income tax cuts, Temporarily extended the program extending unemployment insurance benefits, Temporarily cut employee’s FICA tax by 2%, and Temporarily provided estate tax relief. From an estate planning perspective, the new law set the … [Read more...] about Consumers Want to Know More About TRA 2010: The New Tax Law
