Understanding Taxes - Activity 4: Economic Timeline of Events 1990-2010

Theme 2: Taxes in U.S. HistoryLesson 7: Tax Reform in the 1990s and 2000s

Activity 4: Economic Timeline of Events 1990-2010

The economy and tax law underwent many changes in the 1990s and 2000s.

Match the event to the year it occurred by choosing the year from the drop-down menu. To assess your answers, click the Check My Answers button at the bottom of the page.

The American Opportunity education credit replaces the Hope education credit as part of the American Recovery Act.
Federal deficit became a surplus and the first education tax credits were established as part of the Taxpayer Relief Act.
Federal surplus became a deficit and the Child and Dependent Care credit was established as part of EGTRRA.
A year after the economy plunged sharply, the First-Time Homebuyer credit was increased.