Tax Provisions in Reported Stimulus Compromise February 11, 2009 Gerald Prante Gerald Prante The reported stimulus compromise includes the following tax provisions: Making Work Pay Credit: $400 for singles (phased-out at $75,000) and $800 for couples (phased-out at $150,000). AMT Patch for 2009 Tax deduction for sales tax on new car purchases Repayment requirement for Homebuyer Credit eliminated on homes purchased from Jan. 1 to Aug. 31 College tax credit for up to $2,500 (partially refundable) Expansion of EITC Partial exclusion from AGI for unemployment compensation benefits Extension of certain bonus depreciation provisions More analysis to come… Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Center for Federal Tax Policy
