President Obama is scheduled to sign a hefty economic stimulus program on Tuesday. It’s loaded down with tax credits, as well as some major changes to the current tax laws. The average taxpayer will come out ahead with all of these added benefits — the idea is that we’ll all have more money to cover our bills and maybe help keep this consumption-based economy going.
But the plan is also over 1,000 pages long. Even if you’re used to filing your taxes yourself, that’s a bit much as far as dry bureaucratic reading goes. I have a feeling that next spring, the IRS is going to get plenty of extra questions about how to claim and record the tax benefits that will go into effect on Tuesday.
Just so you know: the IRS offers free telephone assistance, Monday through Friday, 7:00 a.m. to 10 p.m. Individuals should call (800) 829-1040. Businesses should call (800) 829-4933.