As expected, President Bush signed into law the Working Families Tax Relief Act of 2004 on Monday, extending a number of tax breaks for families and businesses and marking his fourth tax cut in four years.

The legislation creates a uniform definition of qualifying child for the dependency exemption, the child credit, the earned income credit, the dependent care credit, and head of household filing status. There are also technical, conforming and clerical amendments to recently enacted tax laws.

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