American Taxpayer Relief Act of 2012 (ATRA}

This Act permanently extended most provisions of the 2001 and 2003 tax acts (EGTRRA and JGTRRA) but generally allowed both acts to expire for taxpayers with the highest incomes. ATRA maintained most reduced tax rates, expansion of the child tax credit and EITC, and the American Opportunity credit for higher education. It also made permanent reductions to the AMT and the estate tax.