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Taxes and the American Reinvention and Recovery Act

By Shelia M. Whorton, MPA

Proud member of LION Publishers

The American Reinvention and Recovery Act, provides numerous tax credits to help stimulate our economy. Among these are tax breaks for the purchase of a new car, tax credits for the purchase of a new home, and the Making Work Pay Tax Credit.

Taxpayers who purchase a new car, light truck, motor home, and motorcycle after February 17, 2009, but before January 1, 2010, may be entitled to deduct state…

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