Saturday, April 10, 2010

THIS IS A LITTLE MORE LIKE IT

The WH hasn't been doing a good job about getting the truth out about its policies so I was a little pleased to see this:
Obama advertises tax breaks ahead of Tax Day
Apr 10 06:02 PM US/Eastern
By ERICA WERNER
Associated Press Writer

WASHINGTON (AP) - Just ahead of Tax Day, President Barack Obama is urging Americans to take advantage of tax credits for first-time homebuyers, college students and others.

Credits taxpayers may be eligible for include:

_Up to $8,000 for first-time homebuyers. The credit will be available through the end of April.

_Up to $2,500 for college expenses.

_Up to $1,500 for making energy-efficiency improvements to homes.

_For new vehicles purchased between Feb. 17-Dec. 31, 2009, the state and local taxes can be deducted.

_An expanded child tax credit providing $1,000 for each child under 17.

_The earned income tax credit now provides up to $5,657 to low-income families with at least three children.

Many workers have already received, through adjusted withholding in their paychecks, the "Making Work Pay" credit of as much as $800 for couples and $400 for individuals. For those who haven't yet received the full amount due, they will get the additional money when they file.

No comments: