Achieving Potentialarnold
 

Federal Tax Watch
Special Issue February 2009

Stimulus act brings $300 billion in tax relief: Middle class, small businesses benefit most

President Obama signed The American Recovery and Reinvestment Act of 2009 on Feb. 17, 2009. The act is the tax portion of the $789 billion stimulus package that has been so hotly debated in Congress and the news in recent weeks.

The act provides nearly $300 billion in tax relief for tax years 2009 and 2010. Many of the tax provisions are retroactive to Jan. 1, 2009, and are intended to provide immediate tax relief to middle-class American citizens and small businesses. If you have questions about your particular situation, please call our office.

 

 

 

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