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Here’s how you’ll benefit from stimulus package

 
BY CHRIS CASTEEL | Published: February 18, 2009    Comment on this article Leave a comment

WASHINGTON — The economic stimulus bill signed by President Barack Obama on Tuesday will affect millions of Oklahomans — whether they work on roads or can’t find work, whether they teach college or send their kids to college.

photo - ice President Joe Biden applaud as President Barack Obama waves after signing the economic stimulus bill, Tuesday, Feb. 17, 2009, during a ceremomy in Denver on Tuesday, Feb. 17, 2009. (AP Photo/Ed Andrieski)
ice President Joe Biden applaud as President Barack Obama waves after signing the economic stimulus bill, Tuesday, Feb. 17, 2009, during a ceremomy in Denver on Tuesday, Feb. 17, 2009. (AP Photo/Ed Andrieski)

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Much of the attention given to the $787 billion package has focused on spending — money for roads and bridges and other public works projects and the aid to states to protect them from huge budget cuts.

But the bill also includes new tax credits for buying a house or a car, going to college or just for working.


• If you’re a married couple filing jointly and making less than $150,000 a year, you’ll get a tax credit of $800 per year for 2009 and 2010. Unlike the rebates of last year, the money won’t be sent to you in a check from the IRS. Rather, it will likely come in relatively small amounts in your paychecks after withholding tables are adjusted. According to the White House, 1.38 million Oklahoma workers and families are eligible for the credit.


• If you have a child in college, you can get a tax credit of $2,500 if you pay at least $4,000 in expenses. The credit is good for four years of college.

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Related Topics: Health and Fitness, Social Services Funding, Public Finance, Domestic Policy, Federal Budget, Political Policy, Politics, Business, Taxes, Economic Policy, Real Estate, Real Estate Sales, Government Spending, Personal Finance, Jobs and Labor, Health Care Issues, Economic Stimulus, Paying for Health Care, Insurance, Health Insurance, Government and Politics, Social Security Benefits, Unemployment Insurance



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