The American Recovery and Reinvestment Act of 2009: Information Center |
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Information for Businesses
The following Recovery Act provisions affect businesses:
- Making Work Pay Tax Credit. The 2010 withholding rates, contained in Notice 1036, reflected reduced withholding. An optional withholding procedure was available for pension plan administrators.
- Work Opportunity Tax Credit. This expanded credit added returning veterans and “disconnected youth” to the list of new hires that businesses may claim.
- COBRA: Health Insurance Continuation Subsidy. The IRS has extensive guidance for employers, including an updated Form 941.
- Energy Efficiency and Renewable Energy Incentives. See what businesses can do to reap tax rewards.
- Net Operating Loss Carryback. Small businesses can offset losses by getting refunds on taxes paid up to five years ago. Find information on carrybacks, an expanded section 179 deduction and other business-related provisions. The Worker, Homeownership And Business Assistance Act Of 2009 (WHBAA) expanded the five-year NOL carryback to most businesses.
- Municipal Bond Programs. New ways to finance school construction, energy and other public projects .
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