Taxpayer Relief Act

The Taxpayer Relief Act of 1997 is a law that aims to reduce the tax burden on individuals and families. It offers benefits like lower capital gains taxes, increased estate and gift tax exemptions, and incentives for retirement savings. The act also provides targeted tax credits, such as the child tax credit, to help families with children. Overall, its goal is to make the tax system more equitable and encouraging saving and investment, ultimately easing the financial load for many taxpayers while promoting economic growth.