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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
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The theme of the most recent presidential election was change. That’s a constant when it comes to taxes. Every year, taxpayers must deal with different tax laws. I’m Haley Lyons with your Bankrate.com Personal Finance Minute.
If you didn’t qualify for an economic stimulus payment in 2008 or received less than the maximum, you get a second chance in 2009. The rebate is actually a credit against your 2008 taxes, which must be filed by April 15, 2009. In 2009, you’ll find the official Recovery Rebate Credit on whichever 1040 form you file.
You can get a head start on potentially rising pump prices by buying a hybrid or other alternative-fuel vehicle. Such an auto could provide a tax credit to boot. Auto manufacturers still offer a wide variety of fuel-efficient cars, trucks and SUVs that could increase your gas mileage and save you tax dollars.
Since most tax rates will return to higher levels Jan. 1, 2011, look for Congress to start exploring ways to deal with the coming mass tax increases. Keep a closer-than-usual eye on Capitol Hill so that if changes are made, you’ll be prepared to take the appropriate steps to minimize any potential tax costs.
To find out more on wise tax moves for 2009 log on to Bankrate.com. I’m Haley Lyons.
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