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the American Recovery and reinvestment act
Some things to know
Tax Professional
Wanda Jackson

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Text Box: The American Recovery and Reinvestment Act is an effort to jumpstart the US economy, create or save jobs and address challenges so that our nation can thrive into the next century. First-time Homebuyer Credit An $8,000 refundable tax credit for first-time homebuyers who purchase a home between 12/31/08 and 12/1/09. Economic Recovery Payment A $250 one-time payment for individuals who receive Social Security, Tier 1 railroad retirement benefits, SSI, or VA pension or disability benefits. Unemployment compensation An exclusion from tax on the first $2,400 of unemployment benefits. Additional $25/week and extended time to receive benefits. Nonbusiness Energy Property Credit A tax credit of up to $1,500 for qualifying residential energy improvements (windows, doors, etc). Residential Energy An increased tax credit for larger residential energy efficient improvements (e.g., solar heating, geothermal heat pumps). COBRA A federal subsidy of 65% of monthly COBRA premiums for 9 months. Wanda Jackson is a Tax Professional with H&R Block and has been preparing taxes for six years. Call for an appointment at 404-378-5924. Offices open Jan 2010.

Click here  More Key Individual Provisions of the

American Recovery and Reinvestment Act of 2009
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