Tax Increase Prevention and Reconciliation Act of 2005 - TIPRA


Tax Increase Prevention and Reconciliation Act of 2005 - TIPRA
A tax-related act signed by President George W. Bush in May 2006 that contains revisions to pre-existing tax laws. Revisions include topics concerning investor-related tax breaks, business provisions, individual retirement accounts, "kiddie tax" and alternative minimum taxes.

Also known as Public Law 109-222.

For the most part, the provisions are beneficial for the vast majority of taxpayers. For example, lowered capital gain tax rates were extended until 2010 and higher exemption amounts for the alternative minimum tax will enable qualified taxpayers to pay a lower amount of taxes in those areas.

Furthermore, TIPRA also includes some retirement-related benefits. For example, TIPRA enables taxpayers with modified adjusted gross incomes surpassing $100,000 to be eligible for a Roth IRA conversion.


Investment dictionary. . 2012.

Look at other dictionaries:

  • 2005-2006 Thai political crisis — The 2005 2006 Thai political crisis was a period in which series of events occurred that ended the political career of Thaksin Shinawatra, Prime Minister of Thailand. It resulted in the overthrow of the Thai Rak Thai government in the Thailand… …   Wikipedia

  • Bush tax cuts — Part of a series of articles on Unit …   Wikipedia

  • Law, Crime, and Law Enforcement — ▪ 2006 Introduction Trials of former heads of state, U.S. Supreme Court rulings on eminent domain and the death penalty, and high profile cases against former executives of large corporations were leading legal and criminal issues in 2005.… …   Universalium

  • HISTORICAL SURVEY: THE STATE AND ITS ANTECEDENTS (1880–2006) — Introduction It took the new Jewish nation about 70 years to emerge as the State of Israel. The immediate stimulus that initiated the modern return to Zion was the disappointment, in the last quarter of the 19th century, of the expectation that… …   Encyclopedia of Judaism

  • Comparison of the health care systems in Canada and the United States — Health spending per capita, in U.S. dollars PPP adjusted, with the U.S. and Canada compared amongst other first world nations. Comparison of the health care systems in Canada and the United States are often made by government, public health and… …   Wikipedia

  • Dodd–Frank Wall Street Reform and Consumer Protection Act — Full title An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail , to protect the American taxpayer by ending bailouts, to protect consumers… …   Wikipedia

  • United States National Health Care Act — This article is about the 2009 U.S. National Health Care Act that failed to come to House debate. For the 2010 health care reform bill signed into law by President Barack Obama, see Patient Protection and Affordable Care Act. United States… …   Wikipedia

  • Dates of 2005 — ▪ 2006 January This is a unique case of a people under occupation being asked to hold free and fair elections when they themselves are not free.… It s an important internal test, and I think it s a turning point. Palestinian legislator Hanan… …   Universalium

  • List of United States federal legislation — NoTOC This is a partial list of notable United States federal legislation, in chronological order. At the federal level in the United States, legislation (a.k.a. statutes or statutory law ) consists exclusively of Acts passed by the Congress of… …   Wikipedia

  • Senate career of John McCain, 2001–present — John Sidney McCain III ran for President of the United States in the 2000 presidential campaign, but failed to gain the Republican Party nomination. He returned to the United States Senate in 2001 after his defeat by George W. Bush, most notable… …   Wikipedia

  • 109th United States Congress — Speaker Hastert (2006) Duration: January 3, 2005 – January 3, 2007 Senate President: Dick Cheney (R) …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.