Technical Corrections Act of 1982

[AI summary unavailable — showing source text] Technical Corrections Act of 1982 - Title I: Amendments Related to Economic Recovery Tax Act of 1981 - Amends the Economic Recovery Tax Act of 1981 to change the effective date of changes in the tax rates during a taxable year. Revises the formula for computing the tax rate reduction credit for 1981 in the case of individuals to whom the 50 percent maximum rate or 20 percent capital gain rate applies. Makes certain changes relating to the imposition of the separate tax on certain lump sum distributions. Provides that for purposes of the exclusion of foreign earned income of U.S. citizens living abroad, the amount excluded and the amount of housing costs deducted may not exceed an individual's foreign earned income for the taxable year. Permits a taxpayer to elect not to have provisions apply which provide for a two-year rollover period for the exclusion of gain from the sale of a principal residence. Specifies that tax-exempt dependent care assistance programs may not discriminate in favor of high level employees, owners, or their dependents. Redefines "child with special needs" for purposes of the tax deduction for adoption expenses. Makes technical changes relating to certain tra…