Quote:
Originally Posted by RallyFever
NO
It:s just a deduction on your 2009 tax return which is why it*s limited to nine months.
The money you*ll actually get it the federal taxes you would have paid on the deductible amount.
This may not even help the folks that don*t itemize>
Even if it does, it will not help them nearly as much as those filers that alreay itemize their tax returns>
either way, I:m excited because it means paying around 1500 less in taxes next year for me!!!
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If it's a deduction on your taxes, I would GUESS that it may pass in march making the nine months valid through Dec 2009 and not into January 2010. Makes it easier...