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.
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:
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