Tax Extenders Act of 2009

November 23, 2009 | Roger McEowen

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.

 

To read the full article: tax-extenders.pdf