Tax Extenders Act of 2009
The Tax Extenders Act of 2009 would provide individuals and businesses with approximately $30 billion in tax relief in 2009 by extending for one year (through 2010) more than forty provisions that are scheduled to expire at the end of 2009. This $30 billion in tax relief includes more than $5 billion in individual tax relief and more than $17 billion in business tax relief. The Tax Extenders Act of 2009 also extends more than $7 billion of tax provisions that encourage charitable contributions, provide community development incentives, provide tax relief in the event of a Presidentially-declared disaster, and support the deployment of alternative vehicles and alternative fuels. The Tax Extenders Act of 2009 provides this relief without adding to the deficit.
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