Bailout Bill Extends Tax Breaks

Week of February 02, 2009

The landmark legislation enacted Oct. 3 to help rescue the U.S. markets and the economy also contained a bundle of income tax breaks for individuals. The biggest ones are known as "extenders" -- popular tax breaks that might seem permanent to most taxpayers, but actually must be renewed every year or two. Congress had been expected to pass them by year's end. Stuffed inside the Emergency Economic Stabilization Act of 2008 are more than 100 tax provisions worth $150 billion in tax benefits. Get the list.