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American Recovery and Reinvestment Act of 2009 is signed into law

On February 17, President Obama signed the American Recovery and Reinvestment Act of 2009, a $789 billion package of tax breaks and spending programs designed to stimulate the economy. The tax portion of the law makes over 300 changes to the tax code.

The following summary is an overview of the major tax provisions. Keep in mind that the new law is a massive 1,000 page document, so this quick review by no means covers all the provisions that may affect you. For guidance in your personal and business tax planning under this latest law, contact our office.

Click on the links below to read or print the summaries.