Note: The content of this article applies only to tax years prior to 2011. It is included here for reference only. See a visual breakdown of what the 2009 American Recovery and Reinvestment Act—a new economic stimulus bill that gives tax breaks to 95 percent of Americans—could look like for your family.
In 2008, President Obama signed the American Recovery and Reinvestment Act—an economic stimulus bill that gave tax breaks to 95 percent of Americans. The economic stimulus plan was meant to provide a financial boost to everyone from the unemployed and middle income families with children to first-time homebuyers. For some American families, that could mean over $13,000 in savings. Here is what the stimulus could look like for some families.