New for 2009 in estimated taxes: according to the IRS, the credit available to taxpayers from Build America bonds must be included in income as interest. Any unused credit is refundable.
If you pay estimated taxes and own Build America Bonds, the IRS suggests you take into account this new information.
For more information, we put together a listing of everything that’s new in estimated taxes this year.
The IRS has some additional resources about the Build America Bonds.
