On October 3, 2008, President Bush signed into law the Emergency Economic Stabilization Act of 2008. Along with the much publicized financial markets rescue plan, the bill also contains $150 billion in tax relief.
Other highlights of the Act include:
- Over 290 Changes to the Tax Code
- 2008 AMT Patch
- Tax Extenders
- Disaster Relief
- Energy Incentives
- Revised Preparer Penalty Standard
- Enhanced Child Tax Credit
- Broker Basis Reporting
For a complete summary of all of these highlights, we recommend that you review this Emergency Economic Stabilization Act summary.
Looking for Cleveland or Akron tax accountant? Contact Skoda Minotti at 440-449-6800.