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TABLE OF CONTENTS

SECTION 1. PURPOSE

SECTION 2. CHANGES

SECTION 3. 2016 ADJUSTED ITEMS

Code Section

.01 Tax Rate Tables ............................................................... 1(a)-(e)

.02 Unearned Income of Minor Children Taxed as if Parent's Income ("Kiddie Tax")............. 1(g)

.03 Adoption Credit ............................................................... 23

.04 Child Tax Credit............................................................... 24

.05 Hope Scholarship, American Opportunity, and Lifetime Learning Credits ................... 25A

.06 Earned Income Credit ........................................................... 32

.07 Refundable Credit for Covertage Under a Qualified Health Plan .......................... 36B(f)(2)(B)

.08 Rehabilitation Expenditures Treated as Separate New Building ........................... 42(e)

.09 Low-Income Housing Credit...................................................... 42(h)

.10 Employee Health Insurance Expense of Small Employers ............................... 45R

.11 Exemption Amounts for Alternative Minimum Tax .................................... 55

.12 Alternative Minimum Tax Exemption for a Child Subject to the "Kiddie Tax"............... 59(j)

.13 Transportation Mainline Pipeline Construction Industry Optional Expense Substantiation Rules for Payments to Employees under Accountable Plans................................... 62(c)

.14 Standard Deduction............................................................. 63

.15 Overall Limitation on Itemized Deductions........................................... 68

.16 Cafeteria Plans ................................................................ 125

.17 Qualified Transportation Fringe Benefit ............................................. 132(f)

.18 Income from United States Savings Bonds for Taxpayers Who Pay Qualified Higher Education Expenses ..................................................................... 135

.19 Adoption Assistance Programs .................................................... 137

.20 Private Activity Bonds Volume Cap................................................ 146(d)

.21 Loan Limits on Agricultural Bonds................................................. 147(c)(2)

.22 General Arbitrage Rebate Rules ................................................... 148(f)

.23 Safe Harbor Rules for Broker Commissions on Guaranteed Investment Contracts or Investments Purchased for a Yield Restricted Defeasance Escrow ................................... 148

.24 Personal Exemption ............................................................ 151

.25 Eligible Long-Term Care Premiums ................................................ 213(d)(10)

.26 Medical Savings Accounts ....................................................... 220

.27 Interest on Education Loans ...................................................... 221

.28 Treatment of Dues Paid to Agricultural or Horticultural Organizations ..................... 512(d)

.29 Insubstantial Benefit Limitations for Contributions Associated With Charitable Fund-Raising Campaigns ................................................................... 513(h)

.30 Expatriation to Avoid Tax........................................................ 877

.31 Tax Responsibilities of Expatriation ................................................ 877A

.32 Foreign Earned Income Exclusion ................................................. 911

.33 Unified Credit Against Estate Tax ................................................. 2010

.34 Valuation of Qualified Real Property in Decedent's Gross Estate.......................... 2032A

.35 Annual Exclusion for Gifts ....................................................... 2503; 2523

.36 Tax on Arrow Shafts............................................................ 4161

.37 Passenger Air Transportation Excise Tax ............................................ 4261

.38 Reporting Exception for Certain Exempt Organizations with Nondeductible Lobbying Expenditures .................................................................. 6033(e)(3)

.39 Notice of Large Gifts Received from Foreign Persons .................................. 6039F

.40 Persons Against Whom a Federal Tax Lien Is...

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