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Law and Legal Studies

Tax Law

Alternative Minimum Tax (AMT)

529 Plan Contribution Limits

Basic Tax Terminology

Charitable Contribution Deduction Rules

Child Tax Credit

Capital Gains Tax Rates

Common Tax Credits

Digital Economy Taxation

Estate and Inheritance Taxes

Foreign Account Tax Compliance Act (FATCA)

Filing Status Categories

Gift Tax Exclusion

IRA Withdrawal Rules

IRS Audit Triggers

Historical Tax Legislation

Important Tax Forms

Key Tax Dates and Deadlines

Medical Expense Deductions

Types of Taxes

U.S. Federal Income Tax Brackets

Transfer Pricing Regulations

Value Added Tax (VAT) Basics

Retirement Account Contribution Limits

Sales Tax Rates by State

Taxation of Partnerships and S Corporations

Tax Accounting Methods

Tax Treaties Explanation

Tax Deductible Expenses for Self-Employed

Tax Exemptions and How They Work

Tax Deductions Overview

Historical Tax Legislation

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Tax Reform Act of 1986

Year: 1986 | Impact: Simplified the income tax code, broadened the tax base and eliminated many tax shelters.

Revenue Act of 1918

Year: 1918 | Impact: Aimed to raise funds for WWI efforts, including significant inheritance and income taxes.

Economic Recovery Tax Act of 1981

Year: 1981 | Impact: Aimed to stimulate economic growth with significant tax cuts.

Revenue Act of 1924

Year: 1924 | Impact: Lowered federal tax rates following post-WWI inflation.

Affordable Care Act

Year: 2010 | Impact: Introduced new healthcare-related taxes and a mandate penalty for not having insurance.

Revenue Act of 1928

Year: 1928 | Impact: Adjusted the tax system and rates during the latter part of the Roaring Twenties.

Tax Equity and Fiscal Responsibility Act of 1982

Year: 1982 | Impact: Largest peacetime tax increase aimed to reduce the federal budget deficit.

Tax Increase Prevention and Reconciliation Act of 2005

Year: 2005 | Impact: Extended tax cuts on dividends and capital gains and provided alternative minimum tax relief.

Revenue Act of 1978

Year: 1978 | Impact: Adjusted tax codes related to pensions and retirement plans, leading to the creation of 401(k) plans.

Revenue Act of 1913

Year: 1913 | Impact: Reintroduced the federal income tax following the ratification of the 16th Amendment.

Revenue Act of 1935

Year: 1935 | Impact: Introduced progressive taxation with higher rates for higher income levels.

Middle Class Tax Relief and Job Creation Act of 2012

Year: 2012 | Impact: Extended payroll tax cuts and unemployment benefits, alongside provisions for job creation.

Jobs and Growth Tax Relief Reconciliation Act of 2003

Year: 2003 | Impact: Accelerated several tax cuts and increased deductions for business equipment expenses.

Internal Revenue Code of 1954

Year: 1954 | Impact: Comprehensive overhaul of the 1939 tax code, affecting personal income, corporate, estate and gift taxes.

Taxpayer Relief Act of 1997

Year: 1997 | Impact: Included a reduction in capital gains tax and the introduction of tax credits for education.

Revenue Act of 1942

Year: 1942 | Impact: Increased tax rates to finance American involvement in World War II.

Taxpayer Bill of Rights

Year: 1988 & 1996 | Impact: Provided protections for taxpayers in their dealings with the IRS.

Tax Cuts and Jobs Act of 2017

Year: 2017 | Impact: Lowered corporate tax rates, reformed individual tax brackets, and altered numerous deductions.

Economic Growth and Tax Relief Reconciliation Act of 2001

Year: 2001 | Impact: Provided tax relief that aimed to boost the economy and included a gradual phase-out of the estate tax.

American Taxpayer Relief Act of 2012

Year: 2012 | Impact: Addressed the 'fiscal cliff' by permanently extending most of the Bush-era tax cuts.

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