| The American Recovery and Reinvestment Act of | | | | can be deducted. Income limits apply.o Education |
| 2009 is an economic stimulus package that was | | | | Benefits - Parents and students paying for college |
| enacted by Congress in February 2009 to offer help | | | | expenses can claim up to $2500 for each eligible |
| to American taxpayers. Many individuals such as | | | | student.o Earned Income Tax Credit was amended to |
| homebuyers, parents, students, workers, and the | | | | include families of 3 or more children.o Child Tax Credit |
| unemployed can benefit when it comes to filing their | | | | - Parents can qualify for this credit of up to $1,000 per |
| taxes. Although some of these tax credits can be | | | | qualifying child.o Unemployment Benefits - Up to $2400 |
| confusing and complicated to file, an online tax | | | | in unemployment benefits are tax free in 2009.o |
| preparation service can provide the guidance and | | | | Energy Incentives - Increased energy tax credit for |
| automatic calculations to get the job done quickly and | | | | homeowners who make energy efficient |
| easily. | | | | improvements to their homes.o Health Coverage Tax |
| Here's a rundown on some of the credits that may | | | | Credit helps pay 80% of health insurance premiums |
| affect you:o Making Work Pay - This credit increased | | | | for eligible individuals. |
| the take-home pay for employees in 2009. Taxpayers | | | | This list is not complete or comprehensive, and |
| will need to file Schedule M to claim this credit and to | | | | limitations or qualifications may apply. If you were |
| determine if they received the full amount of $400 for | | | | affected by any of these tax credits in 2009, an online |
| individuals or $800 for married couples.o New Vehicle | | | | tax service will address these issues and prepare your |
| Purchases - The local sales and excise tax paid for | | | | taxes as quickly and easily as possible. |
| certain new vehicles, motorcycles or motor homes | | | | |