IRS Fact Sheet FS 2010-4 provides a summary of new and expanded deductions and credits available for the 2009 filing season. Here are some topics that are covered:
- American Opportunity Credit helps pay for the first four years of college.
- Many energy improvements qualify for expanded tax credits.
- New vehicle purchase incentives.
- Tax credits for low and moderate income workers.
- Standard deduction increases for most taxpayers.
Read the full text at the link provided above.
