When does new tax deal take effect?

When does the new tax deal take effect?

waggy_332010-12-17T09:31:20Z

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The new law takes effect on January 1, 2011 for tax rates, gifts taxes and some other items. A lot of the provisions makes changes to go back to provisions in the law before 2010 that the Dem's. took out so that taxes would increase for a lot of people in 2010. You would have to read the law to see which will effect you. All of these provisions will be effective for 2010.

Judy2010-12-17T08:49:10Z

For the most part, 1/1/2011.

tro2010-12-17T08:49:02Z

if it is passed it means that it will be effective for 2011 and two years
there is no change to current