Blake Ellis on CNN Money highlighted 5 new tax breaks you don’t want to miss this year. They include:
- Home Buyers — Law has been expanded to include any new homes purchased by April 30, 2010
- Students — American Opportunity credit, which can be claimed for 2009 or 2010 college and graduate school tuition, text books and even computers.
- Energy Saving — The credit cap was also raised to $1,500 this year for upgrades made in 2009 and 2010.
- Workers — Making Work Pay credit provides a refundable tax credit of up to a maximum of $400 or $800 for married couples
- Car Buyers — Can deduct state and local taxes paid on new vehicles bought from Feb. 17, 2009 through the end of last year.
Go read “5 new tax breaks you don’t want to miss” on CNN Money for more details.