New White House Tool Helps American Taxpayers Save More, Maximize Recovery Act Tax Cuts NEWS FROM THE FLORIDA DEMOCRATIC PARTY
For Immediate Release: April 8, 2010
With One Week To Go Until Taxes Are Due, Florida Democratic Party Chair Karen Thurman Highlights Recovery Act Tax Savings For Middle Class Families
New White House Tool Helps American Taxpayers Save More, Maximize Recovery Act Tax Cuts
As the deadline approaches for Floridians to file their 2009 taxes, the White House is working hard to ensure that American families collect every dollar they’re owed, including money available under massive new Recovery Act tax breaks.
This year, largely because of Recovery Act savings programs, average tax refunds are up nearly 10 percent. But with tax day just a week/less than a week away, many Americans have so far not claimed their tax savings. Now, the White House is making it easier for Americans to figure out their tax benefits before they file with a new tax savings calculator, available here.
The savings calculator highlights new Recovery Act tax benefits including: the Making Work Pay tax credit; expanded tax credits for families; and tax savings for new home buyers, Americans who received unemployment payments, and Americans with children in college.
Today, Florida Democratic Party Chair Karen Thurman drew attention to the tax savings calculator and highlighted the many benefits available to Floridians.
“The Recovery Act authorizes almost $300 billion in tax benefits, which will help middle class families make ends meet and revitalize the American economy,” said Thurman. “As a result, families are receiving record tax refunds – on average $266 more than last year. Whether Americans bought a home or a car, sent their child to college, made green home improvements, or simply continued life as usual, they can expect a bigger tax break that will help them as our economy begins to recover. We want to make sure that every Floridians knows about and is able to take advantage of these incredible benefits that the President and Democrats in Congress fought so hard to give them.”