Posts Tagged ‘stimulus tax cuts’

• Your federal income tax rate is lower than you think
• POSTED 04.16.10

For all the anger about taxes, you’d think that rates had never been so high. In fact, it’s the reverse. They’ve rarely been this low. The median income family of four, earning $75,594, will pay only 4.6 percent of its total income in federal income taxes, after taking exemptions, deductions and tax credits. Last year [...]

• Some stimulating tax changes for 2009
• POSTED 11.19.09

Don’t miss the tax cuts and credits offered under President Obama’s stimulus plan. Here’s a  brief roundup:
Cars: If you bought a car under the Cash for Clunkers program, you received a voucher worth $3,500 or $4,500. That amount was deducted from the price. No federal income tax is due.
Deductions are also available for state and [...]