 | | | | | The Economic Stimulus Package | | Below are four different ways that the Economic Stimulus Package can positively affect your life.
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COBRA Expansion
The government will now subsidize 65 percent of health care insurance premiums for the unemployed under the COBRA program. Workers who are laid off can buy into the health insurance plans of their former employer with the 65 percent subsidy. If you have any questions about your COBRA rights or would like additional information about COBRA and your group health plan, you have to contact your plan administrator.
If you would like more information on COBRA click here. |
New Homebuyer Housing Credit
Are you a first time home buyer? If you are, a non-repayable tax credit of up to $8,000 is now available for qualified first-tie home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. For more information Click here. |
For All Homeowners
Homeowners who install certified energy-efficient windows, furnaces and air conditioners can qualify for a tax credit equal to 30 percent of their costs, up to a total of $1,500. Click here to learn more about the Federal Tax cuts for Energy Efficiency.
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New Car Buyer
People who buy new cars, light trucks and SUV's before January 1, 2010 will be allowed to deduct all state and local sales taxes paid on the purchase from their federal income tax. Ask your local car dealer to learn if their cars, light trucks and SUV's are eligible. |
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