Income Splitting Tax Act-
Extends to all unmarried individuals the full tax benefits of income splitting now enjoyed by married individuals filing joint returns.
Provides that every individual shall make a declaration of his estimated tax if his gross income can be expected to exceed $10,000 (now $5,000) in the case of an individual subject to the tax imposed for the splitting of such income. (Amends 26 U.S.C. 1; 2; and 6015(a)(1))
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line