The Economic Growth and Tax Relief Reconciliation Act of 2001-this big tax law with the big name is going to change the way you live your financial life. Find out how in J.K. Lasser's New Tax Law Simplified: the concise, authoritative guide from the trusted experts who bring you J.K. Lasser's Your Income Tax. Packed with up-to-the-minute facts and figures, this book makes it easy for you to understand-and profit from-the most significant tax legislation of the last decade. Learn what the new law means for you and your family, and find out how to use it to keep more of your hard-earned money in your pocket. With this book you'll understand: * The key tax changes that affect you right now * Phased-in rules for the next ten years * Faster, easier retirement savings options * New tax breaks to improve your family's education * Deductions, tax breaks, and planning tips * And much, much more!