WASHINGTON (AP) — Sending a kid to college, purchasing a new car, buying a first home or making the one you own more energy efficient. Those are a few of the ways Americans might cut their tax bills under the economic stimulus package Congress is crafting.
The biggest tax breaks target the working poor, especially those with children, but many apply to middle-income and even wealthy taxpayers.
Most workers would see about a $20 a week increase in their take-home pay, starting around June, from a new tax credit. Millions of additional low-income workers who don't make enough money to pay income taxes would get checks from the government when they file their 2009 tax returns.
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