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                                     A#A
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                ,SUMM>Y              D#A
    
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! ORD9>Y RETURN 7 FIL$4
--------------------------------------#B
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                                      #F
          ,4CUS.N & ,9T]PRET,N       A#B
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             ,,IT-#CBF;,R#C          B#C
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             ,,IT-#CBF;,R#C          C#C
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             ,,IT-#CBF;,R#C          D#C
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                                     #AF
        ,DEDUC;NS 9 -PUT+ TAXA#      F#C
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             ,,IT-#CBF;,R#C          A#D
#AF4 ,SEC;N #AHJ.B 7,"P ,I4#B7 PROVIDES
  =! REPAY;T ( ,OLD ,AGE ,SECUR;Y
  B5EFITS :5 AN 9DIVIDUAL'S NET 9COME1 Z
  MODIFI$ 0T SEC;N1 EXCE$S A BASE AM.T
  =A TAX,N YE>4 ,9 ! CASE (A DEC1S$
  P]SON1 ! ,"P ,I4#B TAX IS APPLI$
  SEP>ATELY 6EA* TAX RETURN FIL$ ON !
  DEC1S$ P]SON'S 2HALF4 ,"!=E1 ! 9COME
  REPORT$ ON A SEP>ATE RETURN WD N 2
  RELEVANT 9 DET]M9+ ! ,"P ,I4#B TAX
  PAYA# ON ! ORD9>Y RETURN & VICE V]SA4
--------------------------------------#E
          ,EXPLAN,N ( ,*ANGES
               ,9TRODUC;N
    
  ,! PURPOSE (! ,EXPLAN,N ( ,*ANGES IS
6GIVE ! R1SONS =! REVI.NS 6AN 9T]PRET,N
BULLET94 ,X \TL9ES REVI.NS T WE H MADE Z
A RESULT ( *ANGES 6! LAW1 Z WELL Z
*ANGES REFLECT+ NEW OR REVIS$ DE"P;TAL
9T]PRET,NS4


                                     #AI
                ,OV]VIEW             A#E
    
  ,? BULLET9 D1LS )! E6ECT ( SEC;NS
#AAD.B & #AAH.IC :5 A SEP>ATE 9COME TAX
RETURN IS FIL$ "U SUBSEC;N #GJ7#B71
P>AGRAPH #AJD7#BC77D7 OR SUBSEC;N
#AEJ7#D7 9 A4I;N 6! ORD9>Y RETURN FIL$
ON 2HALF (A DEC1S$ P]SON4 ,SEC;NS #AAD.B
& #AAH.IC LIMIT ! TOTAL ( C]TA9 NON-
REFUNDA# TAX CR$ITS & DEDUC;NS CLAIM$ ON
! ORD9>Y & SEP>ATE 9COME TAX RETURNS 6!
AM.T T CD 2 CLAIM$ IF ONLY ! ORD9>Y
RETURN 7 FIL$4
  ,! BULLET9 REFLECTS AM5D;TS 0,S4,C4
#AIIJ1 C4 #CI 7=M]LY ,BILL ;,C-#BH72
,S4,C4 #AIIJ1 C4 #DE 7=M]LY ,BILL
;,C-#FB72 ,S4,C4 #AIID1 C4 #G1 ,S*$ULE
,,II 7#AIIA1 C4 #DI -- =M]LY ,BILL
;,C-#AH72 ,S4,C4 #AIID1 C4 #G1 ,S*$ULE
,,VII 7#AIIB1 C4 #DH -- =M]LY ,BILL
;,C-#HJ72 ,S4,C4 #AIIE1 C4 #C 7=M]LY
,BILL ;,C-#EI72 & ,S4,C4 #AIIF1 C4#BA
7=M]LY ,BILL ;,C-#CF74 ,! BULLET9 AL
REFLECTS ! ,F$]AL ,BUDGET TA#D ON ,M>*
#F1 #AIIF4                           #BJ
             ,,IT-#CBF;,R#C          B#E
  ,! -;TS 9 ! BULLET9 >E N A6ECT$ 0ANY
O!R DRAFT LEGISL,N REL1S$ 2F ,SEPTEMB]
#C1 #AIIF4

      ,LEGISLATIVE & ,O!R ,*ANGES
    
  ,P>AGRAPH #A REFLECTS AM5D;TS
6P>AGRAPHS #AEJ7#A77B7 & 7D71 APPLICA# =
#AIIE & LAT] TAX,N YE>S1 : 9 MO/ CASES W
EXT5D ! DUE DATE = MAK+ ! ELEC;NS "U
P>AGRAPH #AJD7#BC77D7 & SUBSEC;N
#AEJ7#D7 ": ! DEC1S$ OR ! DEC1S$'S SP\SE
C>RI$ ON BUSI;S 9 ! YE> ( D1?4
  ,NEW P>AGRAPH #B7=M] P>AGRAPH #C7 HAS
BE5 MODIFI$ 6REPLACE ! LI/ ( SEC;N #AAJ
RELAT$ ,,X BULLET9S )A CURR5T LI/ (
AVAILA# SEC;N #AAJ DEDUC;NS4
  ,9 NEW P>AGRAPH #C 7LA/ "P ( =M]
P>AGRAPH #E71 WE H REMOV$ ! REF];E
6P>AGRAPH #AAJ7#A77;I7 : 0 REP1L$
APPLICA# 6! #AIHI & LAT] TAX,N YE>S4
  ,P>AGRAPH #AAJ7#A77;I7 PROVID$ =A
DEDUC;N =! REPAY;T ( UNEMPLOY;T 9SUR.E
B5EFITS 9 -PUT+ TAXA# 9COME4 ,?      #BA
             ,,IT-#CBF;,R#C          C#E
DEDUC;N HAS BE5 REPLAC$ )A DEDUC;N "U
P>AGRAPH #FJ7V4#A7 9 -PUT+ NET 9COME4
  ,NEW P>AGRAPH #G 7SECOND "P ( =M]
P>AGRAPH #E7 HAS BE5 REVIS$ 6REPLACE !
REF];E 64#A1EJJ ) 4#A1FAD : IS !
APPLICA# AM.T = #AIIE4
  ,NEW P>AGRAPH #H 7?IRD "P ( =M]
P>AGRAPH #E7 REFLECTS ! AM5D;T 6!
DEF9I;N ( 8TOTAL GIFTS0 9 SUBSEC;N
#AAH.A7#A7 6DELETE ! ^WS 8-PUT$ )\T
REF];E 6SUBSEC;N #ACG7#B710 APPLICA# AF
,DECEMB] #AA1 #AIHH & 6ADD 8TOTAL
ECOLOGICAL GIFTS0 = S* GIFTS MADE AF
,FEBRU>Y #BG1 #AIIE4 ,9 A4I;N1 WE H
REMOV$ ! -;TS D1L+ )! CALCUL,N (! TAX
CR$IT = TOTAL GIFTS S9CE ! CALCUL,N IS
9CLUD$ 9 ! ,T#A 9DIVIDUAL 9COME TAX
RETURN4
  ,NEW P>AGRAPH #I 7=M] P>AGRAPH #F7 HAS
BE5 REVIS$ 6ADD A REF];E 6! DEDUC;N =
ATT5DANT C>E EXP5SES4
  ,NEW P>AGRAPH #AB 7=M] P>AGRAPH #I7
HAS BE5 REVIS$ 6REFLECT ! REP1L (3
                                     #BB
             ,,IT-#CBF;,R#C          D#E
  --! REFUNDA# F$]AL SALES TAX CR$IT1
    APPLICA# 6#AIIA & LAT] YE>S2 &
  --! REFUNDA# * TAX CR$IT1 APPLICA#
    6#AIIC & LAT] YE>S4
  ,^! CR$ITS 7 REPLAC$ 0! REFUNDA# GDS &
S]VICES TAX CR$IT &! REFUNDA# * TAX
B5EFIT1 RESPECTIVELY4
  ,NEW P>AGRAPH #AE 7=M] P>AGRAPH #AB7
HAS BE5 REVIS$ 6ADD T ! PROVI.NS (
SUBSEC;N #ABJ.B7#D7 D N APPLY 6SEP>ATE
RETURNS FIL$ ON 2HALF (A DEC1S$ P]SON4
  ,NEW P>AGRAPH #AF HAS BE5 A4$ 6REFLECT
! ,DE"P;T'S POSI;N ON ! APPLIC,N ( SEC;N
#AHJ.B :5 M ?AN "O TAX RETURN IS FIL$ ON
2HALF (A DEC1S$ P]SON4
  ,"?\T ! BULLET91 WE H *ANG$ "S (! ^W+
&! ORD]+ ( "S P>AGRAPHS 6IMPROVE CL>;Y4






                                     #BC