Laws

The following list is an overview of the more widely applicable tax changes affecting individuals and families in the new “American Recovery and Reinvestment Act of 2009” (the 2009 economic stimulus act): “Making Work Pay” credit The new law provides an individual tax credit in the amount of 6.2 percent of earned income not to … Continue reading An Overview Of The 2009 Economic Stimulus Act

Congress recently passed three laws that contain some tax provisions. Here’s a quick overview: FARM ACT- The Food, Conservation and Energy Act of 2008 was vetoed by President Bush but became law when Congress overrode his veto. As the short title implies, the law mainly affects farmers and includes provisions on conservation donations, race horse … Continue reading About The New Tax Laws Passed