Job Creation and Worker Assistance Act of 2002

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Job Creation and Worker Assistance Act of 2002

Legislation in the United States that reduced taxes on businesses without changing tax brackets. It accomplished this by temporarily increasing deductions, exemptions, and the number of years for which one may use a tax loss carryback. The idea behind the Act was to encourage job creation by allowing businesses to keep more of their earnings. The effects of this type of policy are disputed.

References in periodicals archive ?

Consultants who are well- published authors in the financial/pension planning field discuss technical changes and clarifications produced by legislation including the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, Working Families Tax Relief Act of 2004, and Job Creation and Worker Assistance Act of 2002.

SIMPLE, SEP, and SARSEP answer book, 11th ed

As with the bonus depredation provisions in the Job Creation and Worker Assistance Act of 2002, (4) the states have to decide whether to conform to the DPAD provisions.

State action on the domestic production activities deduction

The difference can be partly accounted for by the Job Creation and Worker Assistance Act of 2002, which was signed into law on March 9, 2002.

Federal personal income tax liabilities and payments for 1959-2002

WalzCraft owner Richard Walz said his company's growth has been aided by the Bush-Cheney administration's implementation of the Job Creation and Worker Assistance Act of 2002.

Vice President Cheney visits cabinet door maker

But the Job Creation and Worker Assistance Act of 2002 provides some limited relief"--The Motley Fool.

Tax break for teachers. (In The News)

The Job Creation and Worker Assistance Act of 2002, section 406, allows teachers and other education professionals to deduct up to $250 of unreimbursed classroom expenses.

New break for teachers

The provision is effective as if included in the Job Creation and Worker Assistance Act of 2002, which applies to property placed in service after Sept.

Bonus depreciation extension for certain aircraft (excluding the transportation industry)

Fortunately, the Job Creation and Worker Assistance Act of 2002 includes a provision allowing employers to not apply their automatic increases without violating the anticutback rules.

Big changes, big benefits: making sense of the new pension reform laws

Congress passed an economic stimulus package called the Job Creation and Worker Assistance Act of 2002 (the "2002 Tax Act").

New law brings tax opportunities for RE pros. (Insiders Outlook)

The Economic Growth and Tax Relief Reconciliation Act of 2001 and the Job Creation and Worker Assistance Act of 2002 substantially increased the rollover opportunities available to individuals, by expanding the types of plans eligible to accept rollovers and funds that can be rolled over.