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More tax changes for '97.

More tax changes for '97...adding to those we covered Jan. 10:

Income limits are higher for tax-free EE bonds used for education. Phaseout of exclusion for interest on joint returns now begins at $76,250 for a modified version of adjusted gross income. For singles...$50,850. Exclusion vanishes when income reaches $106,250 and $65,850, respectively. Remember, limits apply when bonds are cashed, not when they are purchased.

A higher floor on recipients of gifts from foreign donors in '97. Donors need not tell IRS unless gift exceeds $10,276, an increase of $2

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