IRS Releases New Information about the American Recovery and Reinvestment Act (ARRA)

The Internal Revenue Service has recently announced the availability of an extensive selection of products that help explain several tax benefits currently available to American families under the provisions of the American Recovery and Reinvestment Act. These new products include YouTube videos, public service announcements and multi-lingual informational flyers, and are in addition to earlier IRS efforts on YouTube and iTunes to increase public awareness about the tax credits.

Additional information is available in the following areas:

• First-time homebuyer credits
• Education tax credits
• Energy-saving upgrade incentives
• Deductions for sales or excise taxes paid on the purchase price of new vehicles
• Making Work Pay tax credit requirements

For additional information, please refer to IR-2009-82.

The IRS.gov official website contains links to the new products as well as complete information about the ARRA at www.irs.gov/recovery.