Articles in regional publications that pertain to a wide range of North Carolina-related topics.
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Abstract:
The scope of the Tax Reform Act of 1986 is remarkably broad, affecting practically every taxpayer, and many will face new tax-planning decisions. This article summarizes some of the more significant changes in tax law affecting individuals and businesses in North Carolina. Some of these changes pertain to tax rates, tax credits, personal exemptions, income, and itemized deductions.