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







