Accord was reached and the economic stimulus plan has passed. Here’s a brass tacks breakdown:

Workers making at least $3000 but not paying federal income taxes: $300

Income tax paying individuals: $600

Working couples: $1200

People with children: extra $300 per child

Individuals making $87,000 and couples up to $174,000: partial rebates

Fannie Mae and Freddie Mac loan purchase limits increased to 725,000, a boost from the $362,000 and $417,000 caps, respectively.

Businesses can write off 50% of purchases of capital equipment

Small businesses can write off additional equipment purchases

Tax rebates deal announced [AP]
(Photo: EricGjerde)

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