The Recovery Act invested millions in new projects that are improving our infrastructue, repairing homes, and much more. But it also provided millions in direct benefits for families, students, businesses, investors, and more including more than $288 million in various forms of tax relief. Guidance on how to access each of those benefits is below.
Submitted by Texas Impact on Sat, 03/27/2010 - 19:33
As Americans rush to fill out and send in their taxes before April 15th, they are finding relief from the Recovery Act. The average tax refund so far this year is $3,036, up ten percent from last year.
The Recovery Act's most well-known tax provision provided up to $800 in tax relief for all workers making up to $250,000, but other benefits included credit for first-time homebuyers, students, and the unemployed. A full list compiled by RecoveryForTexas.org can be seen here.
The White House has produced an online tool that allows taxpayers to determine which Recovery Act benefits they are eligible to access. Households with low to moderate incomes can receive free tax assistance through the VITA program; to find a VITA site near you, click here.
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