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$15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes). $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel-efficient ...
Further, the volume of cars sold in the U.S. was significantly tied to home equity lines of credit, with 24% of sales financed this way in 2006. When the availability of these loans suddenly dried up in 2008 due to the subprime mortgage crisis , vehicle sales declined dramatically, from 17 million in 2006 to 10.6 million in 2009.
The Retirement Savings Contribution Credit (aka “Saver’s Credit”) is a frequently overlooked tool that can help boost retirement savings even more.
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If you make contributions to your IRA or employer-sponsored 401(k) retirement plan, you might be able to take advantage of the saver's credit, also known as the Retirement Savings Contributions...
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