-- Adoption expenses deductible up to $5,000 per child
-- Legal awards for pain and suffering are taxable
-- Penalty-free IRA withdrawals for large medical expenses
-- Long-term care coverage tax-free to employees
-- Medical Savings Accounts are available to small businesses
-- Spousal IRA increased from $250 to $2,000 per year
Updated June 15, 1997 by bwwebmaster
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