Last month, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. This act put to rest many questions about how Congress and the President would handle the scheduled expiration of the Bush tax cuts this year, as well as other pressing issues of taxation and spending, such as unemployment insurance and the continuation of certain tax credits and opportunities. But what does the new tax act mean for Americans? For Individuals The act has a definitive centerpiece: the two-year extension of the Bush tax cuts for all Americans. President Obama and Congress decided to extend