The 2010 Tax Law

For your convenience, highlights of The Tax Relief, Unemployment Insurance ­Reauthorization and Job Creation Act of 2010 are provided:

  • The federal income tax brackets (10%, 25%, 28%, 33% and 35%) have been extended through the end of 2012.
  • For taxpayers in the 25% and above tax bracket, the capital gains and qualified ­dividends rates will remain 15% through 2012.
  • The itemized deduction limitation, the provision requiring taxpayers to reduce ­itemized deductions (at certain income levels), has been suspended through 2012.
  • The IRA charitable rollover provision that satisfies the Required Minimum ­Distribution for donors age 70½ or older was extended to 2011.
  • Adjustments were made to the estate, gift and generation-skipping tax rates, including a lower 35% tax rate and an enhanced $5-million exemption, as well as portability of a spouse’s unused exemption for use in the survivor’s estate.

Further details are available at the Planned Giving website.

Contact Information

Office of Alumni Relations


Contact Information

Ben Madonia

Director of Planned Giving
866-729-0317 bmadonia@hamilton.edu

Contact Information

Fred Rogers

Director of Annual Giving
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