Recovery Act Tax Savings Tool
The Recovery Act Tax Savings Tool helps Americans better understand the range of tax credits provided byAmerican Recovery and Reinvestment Act of 2009 (ARRA). If you want to learn more about using the tool, watch thisvideo from Jared Bernstein, the Vice-President Biden's chief economic advisor.
About This Tool
The Recovery Act Tax Savings Tool is intended to help taxpayers determine their potential eligibility for various tax benefits available under American Recovery and Reinvestment Act. Taxpayers who use this tool are still responsible for determining their eligibility under applicable laws for any claimed tax benefits. The Recovery Act Tax Savings Tool and any output provided by it, are not, and may not be relied upon or cited as a ruling, written determination, legal precedent, or any other type of authority. Taxpayers who have questions regarding their eligibility for tax benefits under the Recovery Act should review the relevant IRS forms and instructions or contact a qualified tax professional.
Tax Savings Tool
During these tough economic times, Recovery Act tax cuts are making things a little easier for hard-hit middle class families.
Did you know that there are more than a dozen Recovery Act tax cuts working families can take advantage of this tax season? For some taxpayers, this could mean thousands of dollars in tax savings.
This tool is intended to be educational. Taxpayers should not rely on it for determinations about their eligibility for tax benefits, but should consult the relevant IRS forms and instructions or a qualified tax professional. The tool provides links to relevant irs.gov and other government resources to help taxpayers learn more about the benefits for which they may be eligible.
To make sure that you don’t miss out, this Tax Savings Tool will tally up the benefits you may be eligible for when you file your taxes this year.