By Derek Markham •
February 21, 2009
By April 1st, most workers will see a reduction in taxes withheld due to the $787 billion economic stimulus package, but unfortunately, the extra $65 a month for a family of four isn’t going to go very far.
It’s certainly not going to make the payment on a new car or house, but tax breaks on those purchases are also being touted as an important part of the stimulus package. And it’s not going to keep your mortgage payment current.
By Meg Hamill •
October 12, 2008
Tacked on last minute to the $700 billion bailout, bicycle commuters across the nation will be eligible for for a tax benefit that is already available to both train & bus commuters.
After $700 billion of our American tax dollars just went to bail out private banks, it’s a small relief that some laws were squeezed into that deal, with the sole purpose of benefiting people and the planet.
Starting January 1st, those who commute via bicycle to work are eligible to receive $20.00 per month in tax-free reimbursements from their employer. The reimbursement is meant to defray the costs of owning and operating a bike. Employers can deduct this expense from their federal taxes.
By Timothy B. Hurst •
October 10, 2008
Among the “sweeteners” added to last week’s $700 billion financial bailout was the extension of the Energy Efficient Green Building Tax Deduction.
