Stimulus act provides businesses taxsaving opportunities and other benefits

Posted February 17, 2009

On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (“the Act”). Although there was much debate in Congress over this stimulus legislation, there’s no doubt that the nearly $800 billion act’s government spending initiatives and tax incentives for private spending will benefit many companies. Additionally, the Act provides businesses a multitude of tax-saving opportunities.

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Will the Stimulus Act Benefit You and Your Family?

Posted February 17, 2009

On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (the Act). In addition to government spending initiatives intended to revive the economy, the nearly $800 billion act provides hundreds of millions of dollars of tax cuts expected to benefit 95% of taxpayers.

Because of adjusted gross income (AGI) phaseouts and other limitations, you may not qualify for many of the new or expanded tax breaks the Act provides. But even if you don’t, your children, parents or other loved ones might, so you’ll want to be familiar with the Act’s tax provisions. The Act also provides help to laid-off workers that may benefit your family.

Click here to download this important LBA Alert to learn more.