Stimulus Act Eases Taxes for Individuals, Small Businesses.
- Resource Type
- Article
- Authors
- Nevius, Alistair M.; Bonnet, Paul
- Source
- Journal of Accountancy; Apr2009, Vol. 207 Issue 4, p40-43, 4p
- Subject
- AMERICAN Recovery & Reinvestment Act of 2009
TAX laws
ECONOMIC recovery
TAX & expenditure limitations
TAXATION of small businesses
INTERNAL revenue law
- Language
- ISSN
- 00218448
The article discusses the tax relief offered to individual taxpayers and small businesses through the passage of the American Recovery and Reinvestment Act of 2009. The bill reflects the attempts of the U.S. Congress to offer the broad middle class and less-affluent Americans targeted tax breaks, the authors state. Other topics include encouraging economic recovery by allowing small businesses to accelerate depreciation and carry back losses and the tax breaks offered to small businesses that hire veterans.