New Car Purchase: If you bought a new vehicle between Feb. 16, 2009 and Jan. 1, 2010, you can deduct the sales and excise taxes imposed on the first $49,500 of the purchase price.
First Time Homebuyer Credit: The American Recovery and Reinvestment Act of 2009 increased the First-Time Homebuyer Credit to $8,000 from $7,500 for home purchases made in 2009.Â In addition, current homeowners who bought a new home after November 7th can qualify for a $6,500 credit.
Making Work Pay Benefit: You may have reduced your federal income tax withholdings last year to take advantage of the Making Work Pay benefit if you make less than $95,000 ($190,000 filing jointly). But in order for the credit to be applied, you’ve still got to claim the credit on your tax return this year.
Federal Tax Estimator
Determine your tax liability or use calculators to make sense of your entire financial picture.
Electronic Federal Tax Payment System
This free service from the U.S. Department of the Treasury will expedite your payment (or refund) by letting you file your taxes electronically.