Estimated $62.5B in Tax Relief from the Recovery Act
The Office of the Treasury estimates that $62.5 billion in tax relief will have been made available by the end of August 2009. This relief comes in various forms including the Making Work Pay tax credit, COBRA Continuation Coverage Assistance and tax incentives for businesses.
To learn more about these programs, click on the links below:
Program |
Mar 09 |
Apr 09 |
May 09 |
Jun 09 |
Jul 09 |
Aug 09 |
|---|---|---|---|---|---|---|
| Making Work Pay | 2.3 |
4.1 |
3.9 |
4.7 |
4.2 |
4 |
| Other Individual Credits | 0 |
2.8 |
0.3 |
5.4 |
1.8 |
1.7 |
| Energy Incentives | 0 |
0.2 |
0 |
0.2 |
0 |
0.1 |
| Tax Incentives for Business | 0.1 |
5.4 |
1.8 |
7.1 |
1.7 |
1.1 |
| COBRA | 0.8 |
1.4 |
1.3 |
1.4 |
1.4 |
1.3 |
| Manufacturing & Economic Recovery, Infrastructure Refinancing, Other | 0 |
0 |
0 |
0 |
1 |
1 |
| Monthly Total | 3.2 |
13.9 |
7.3 |
18.8 |
10.1 |
9.2 |
| CUM Total | $3.20 |
$17.10 |
$24.40 |
$ 43.20 |
$53.30 |
$62.50 |
