Ebiz Tax Tips - Tax Tips for eBay Sellers, Online Business and Other Small Business Owners » tax cuts http://internetbiztaxtips.com Tax Tips for eBay Sellers, Online Business and Other Small Business Owners Sat, 12 Dec 2009 21:12:57 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Senate Finance Committee Approves Tax Cuts http://internetbiztaxtips.com/2009/01/senate-finance-committee-approves-tax-cuts/ http://internetbiztaxtips.com/2009/01/senate-finance-committee-approves-tax-cuts/#comments Fri, 30 Jan 2009 20:38:50 +0000 Kristine http://internetbiztaxtips.com/?p=414 Earlier this week the Senate Finance Committee approved approximately $522 Billion in tax cuts and incentives in an effort to stimulate the US economy.

The bill includes over $340 Billion in tax cuts for families and businesses, with a special focus on creating jobs and helping unemployed Americans keep their health care coverage and find new jobs.  States who are struggling will also be helped by this bill.

Also included in the bill is a much-needed AMT patch, which should protect people from the alternative minimum tax this year.

This bill has not passed yet… the House and Senate each have their own version and will need to hammer out their differences before it can be made into law.

You can read more about the bill here.

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