Here are some of the benefits, from my email:
Workers
The "Making Work Pay" Credit for 2009 and 2010 is a tax credit for up to $400 for working individuals and up to $800 for couples.
Retirees and disabled individuals
Those receiving Social Security benefits and individuals on disability will receive a one-time payment of $250 in 2009.
Unemployed
Temporary suspension of taxation on unemployment benefits. The jobless get a little more help with a $25 increase in weekly benefit checks through 2009 and suspension of federal tax on the first $2,400 of unemployment benefits received in 2009.
First-time home buyers
First-time home buyer credit increased to $8,000 for qualified first-time home buyers purchasing homes after Dec. 31, 2008 and before Dec. 1, 2009; repayment requirement waived unless sold or no longer principal residence within 36 months.
College-bound
The "American Opportunity Tax Credit" - an enhanced Hope Credit that provides 100% credit for the first $2,000 and 25% for the next $2,000 on qualified expenses such as tuition and books; the credit is 40% refundable, meaning even taxpayers who have no tax liability can receive a credit for 40% of qualified education expenses, up to $1,000.
Here's a link to H&R Block to learn more:




Comments: 20
529 plans: qualified computer technology and equipment is now allowed as higher education expenses from the plan, so distributions from 529 plans to buy a computer, for example, for college will not be taxable
Vehicle purchase: state and local sales taxes paid for purchases of qualified new motor vehicles are deductible
YOu have to watch the way the government does things especially when they say they are giving you something... They would need to adjust the income taxes as well..
I get a newsletter from The Dolans, who are financial experts, and they said you had to declare the stimulus check. That's why I thought you did.
I'd much rather be paying for tax breaks, schools, health reform, etc. than paying for senseless wars.