ARRA Provides Tax Benefits to Businesses

The American Recovery and Reinvestment Act of 2009 provided some new and some improved tax benefits for businesses according to the IRS. If you are looking to hire veterans or disconnected youth than their is a tax credit that you should look into. Plus renewable energy tax credits and new loss carry-back rules.

1. Work opportunity tax credit: Allows for a tax credit to business that hire returning veterans or disconnected youth. Two new classes added to a list of classes already supported.

2. Renewable Energy Incentives: A number of new bonds and … Read more at 2009 Taxes