Back in the spring of 2009, a cornerstone of the government’s massive $800 billion stimulus package was a tax credit for millions of American workers. In theory, the extra money would provide a touch of stability for families, plus get more money flowing through the struggling economy. source.
Now approximately 15 million taxpayers will have to repay Uncle Sam!
Individuals Who Work Two Jobs
Working Married Couples
Working Students
Social Security Recipients
More IRS info.
Related Reading:
How to Pay Zero Taxes 2010“If there’s a tax break allowed out there, it’s in here.”
—New York Daily News
Unlike most other tax guides, How to Pay Zero Taxes focuses on tax saving, not tax preparation. Jeff Schnepper stands apart from the crowd of tax-book authors by creating an easy-to-read, easy-to-apply guide that explains what people really care about—paying less to the IRS!
This updated edition covers more deductions than any other such book, including those related to child care and elder care, job hunting expenses, mortgages and points, investment expenses, and 401(k)s.
The Fair Tax Book: Saying Goodbye to the Income Tax and the IRSWouldn't you love to abolish the IRS ...
Keep all the money in your paycheck ...
Pay taxes on what you spend, not what you earn ...
And eliminate all the fraud, hassle, and waste of our current system?
Then the FairTax is for you. In the face of the outlandish American tax burden, talk-radio firebrand Neal Boortz and Congressman John Linder are leading the charge to phase out our current, unfair system and enact the FairTax Plan, replacing the federal income tax and withholding system with a simple 23 percent retail sales tax on new goods and services. This dramatic revision of the current system, which would eliminate the reviled IRS, has already caught fire in the American heartland, with more than six hundred thousand taxpayers signing on in support of the plan.
As Boortz and Linder reveal in this first book on the FairTax, this radical but eminently sensible plan would end the annual national nightmare of filing income tax returns, while at the same time enlarging the federal tax base by collecting sales tax from every retail consumer in the country. The FairTax, they argue, would transform the fearsome bureaucracy of the IRS into a more transparent, accountable, and equitable tax collection system. Among other benefits, it will:
- Make America's tax code truly voluntary, without reducing revenue
- Replace today's indecipherable tax code with one simple sales tax
- Protect lower-income Americans by covering the tax on basic necessities
- Eliminate billions of dollars in embedded taxes we don't even know we're paying
- Bring offshore corporate dollars back into the U.S. economy
Endorsed by scores of leading economists and supported by a huge and growing grassroots movement, the FairTax Plan could revolutionize the way America pays for itself. In this straight-talking book, Neal Boortz and John Linder show you how it would work—and how you can help make it happen.
Lower Your Taxes - Big Time! 2009-2010 Edition"Almost every American can get a raise of $3,000-$15,000 or more annually courtesy of the United States Government."David D'Arcangelo, author of Wealth Starts at Home "Will put thousands of dollars in your pocket every year and teach you, in clear simple steps, how to audit proof your records from the IRS forever." Mark Victor Hansen, co-creator, #1 New York Times best-selling series Chicken Soup for the Soul The classic tax-relief guide--updated to help you save more than ever! The amount Americans pay in taxes exceeds all other expenses combined. And with the economic downturn taking its toll on small businesses around the country, taxes are a greater financial burden than ever before. Lower Your Taxes-Big Time , 2009-2010 shows consultants, business owners, and contractors how to slash their tax bills by thousands. Written by Sandy Botkin, CPA and former attorney for the IRS, this informative and engaging book explains how to Get a yearly subsidy of $5,000 or more back from the IRS Properly document your business deductions Avoid any future audits by the IRS Deduct the equivalent of your child's education, braces, or wedding Take advantage of tax-free fringe benefits available to small businesses.
Lower Your Taxes - Big Time! 2009-2010 Edition (Lower Your Taxes Big Time)"Almost every American can get a raise of $3,000-$15,000 or more annually courtesy of the United States Government."
-David D'Arcangelo, author of Wealth Starts at Home
"Will put thousands of dollars in your pocket every year and teach you, in clear simple steps, how to audit proof your records from the IRS forever."
-Mark Victor Hansen, co-creator, #1 New York Times best-selling series Chicken Soup for the Soul®
The classic tax-relief guide--updated to help you save more than ever!
The amount Americans pay in taxes exceeds all other expenses combined. And with the economic downturn taking its toll on small businesses around the country, taxes are a greater financial burden than ever before. Lower Your Taxes-Big Time, 2009-2010 shows consultants, business owners, and contractors how to slash their tax bills by thousands.
Written by Sandy Botkin, CPA and former attorney for the IRS, this informative and engaging book explains how to
- Get a yearly subsidy of $5,000 or more back from the IRS
- Properly document your business deductions
- Avoid any future audits by the IRS
- Deduct the equivalent of your child's education, braces, or wedding
- Take advantage of tax-free fringe benefits available to small businesses
J.K. Lasser's 1001 Deductions and Tax Breaks 2010: Your Complete Guide to Everything DeductibleA straightforward guide to taking tax breaks and deductions Completely revised to reflect important changes in this year's tax laws, J.K. Lasser's 1001 Deductions & Tax Breaks 2010 will help you take advantage of every tax break and deduction you may be entitled to.
This comprehensive guide is clearly organized by subject matter so you can easily find situations that may apply to you. Each tax benefit is also clearly explained-along with the eligibility requirements for claiming the benefit-while planning tips and common pitfalls associated with the benefit in question are discussed in detail. New tax law alerts are also included throughout the book, so you can make the most informed decisions possible.
- Discusses deductions and tax breaks with regard to your family, home, car, job, investments, charitable giving, health coverage, and much more
- Packed with hundreds of updated examples, practical advice, and real-world examples
- Other titles by Weltman: J.K. Lasser's Small Business Taxes 2010
J.K. Lasser's 1001 Deductions & Tax Breaks 2010 is a book every taxpayer should own.