Congress Moving Fast on Tax Cuts

A payroll tax credit and breaks for business are among the tax cuts Congress will pass as part of the big economic stimulus package coming soon. The new Congress will hit the ground running on tax cuts. The House already approved a big package to help jump-start the economy and get extra money into taxpayers’ wallets, and the Senate will follow soon, with the goal of getting a bill to President Obama’s desk by mid-February. This article from Kiplinger.com outlines what many of the tax breaks will be for individuals and businesses alike.