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Subject:
Item Title: New Economic Stimulus Plan Signed into Law
Summary:
President Bush just signed the Economic Stimulus Act of 2008. The centerpiece of the new law is a provision authorizing tax rebates that will be sent to eligible individuals beginning in May. But the legislation also contains valuable tax breaks for businesses. Here are the rebate details, including who qualifies, how much they will get, why large families really benefit, and how some taxpayers will get a second chance to collect cash next year.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.