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:
Tax Savvy for Small BusinessThe essential small business tax strategy book for the savvy entrepreneur Named "Best Tax Book" by Entrepreneur magazine Understanding the tax system is vital to the health of every small business. Virtually every decision a business makes has tax consequences that can affect its bottom line -- and the IRS is always watching. Develop the best tax plan for your small business, learn the ins and outs of the tax code, and create comprehensive strategies to get back the most from the IRS with this all-in-one guide. Tax Savvy for Small Business provides essential information that will free up your time and money for what counts -- running your business effectively. Completely updated for 2011 returns, it explains how to: - choose the best business entity
- deduct current and capitalized expenses
- write off long-term assets
- keep records that will head off trouble with the IRS
- get tax breaks from business losses
- deal with payroll taxes
- negotiate payment plans for late taxes
- handle an audit
- get IRS penalties and interest reduced
- maximize retirement funds
- take advantage of fringe benefits
- use retirement funds as a tax break The 15th edition of Tax Savvy for Small Business is completely updated and provides the latest tax breaks, rules, forms, and publications, including substantive changes and the latest tax numbers for 2011 returns.
![TurboTax Basic Federal + e-File 2010 - [Old Version]](http://ecx.images-amazon.com/images/I/41cd7bSUbyL._SL160_.jpg "TurboTax Basic Federal + e-File 2010 - [Old Version]")
TurboTax Basic Federal + e-File 2010 - [Old Version]If you have a simple tax return, TurboTax Basic is the easy way to complete your taxes. Includes a free Federal e-File.
Deduct It!: Lower Your Small Business TaxesBusiness tax deductions, from start-up to success -- learn how to Deduct It!
Completely updated for 2011 returns!
Understanding tax deductions is one of the keys to start-up success. Learn how to make more money for your small business by paying the IRS less -- let Deduct It! show you how to quickly maximize the business deductions you're legally entitled to.
Learn how to make year-round business decisions that will pay off come tax time and avoid IRS problems with this comprehensive book. All the information you need is organized into practical categories featuring common deductions for small business owners, including:
- start-up expenses
- operating expenses
- health deductions
- vehicles
- travel
- entertainment
- meals
- inventory
- equipment
- and many more
The 8th edition is completely updated with all the latest tax information, eligibility requirements, and tax rates for 2011 returns, including substantive updates to the law. Whether your business is just starting or well-established, Deduct It! is indispensable to your venture.
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Taxes Made Simple: Income Taxes Explained in 100 Pages or Less Find all of the following, explained in plain-English with no legal jargon:- The difference between deductions, exemptions, and credits
- Itemized deductions vs. the standard deduction
- Several money-saving deductions and credits and how to make sure you qualify for them
- How to calculate your refund
- How to know which tax forms to fill out
- State income taxes
- Alternative Minimum Tax (AMT)
- Capital Gains and Losses
