What's New in Estimated Taxes for 2009?
New rules and changes are always being made to the US Tax Code. 2009 estimated taxes (2009 1040 es ) are not immune to new rules or modifications.
If you are making 2009 estimated tax payments, the IRS recommends you consider the new rules in estimated taxes for the following areas:
Definition of a qualifying child (learn more )
Divorced or separated parents (learn more )
Differential wage payments subject to withholding (learn more )
Certain unemployment compensation excluded from income (learn more )
Economic recovery payment to recipients of social security, supplemental social security, railroad retirement benefits, and veterans disability compensation or pension benefits. (learn more )
Qualified small business stock (learn more )
Limit on exclusion of gain on sale of main home (learn more )
Retirement savings plans (learn more )
Increased standard deduction (learn more )
Standard mileage rates (learn more )
Personal casualty and theft loss (learn more )
Alternative minimum tax (AMT) exemption amount increases (learn more )
Tax on child’s investment income (learn more )
Making work pay credit (learn more )
Hope education credit expanded (learn more )
Qualified education expenses under a qualified tuition program (QTP) (learn more )
Earned income credit (EIC) (learn more )
Additional child tax credit (learn more )
Credit to certain government retirees (learn more )
Nonbusiness energy property credit (learn more )
Residential energy efficient property credit (learn more )
Increased alternative fuel vehicle refueling (learn more )
Credit for qualified plug-in electric vehicles (learn more )
Plug-in conversion credit (learn more )
Build America tax credit bonds (learn more )
First-time homebuyer credit (learn more )
Increased health coverage tax credit (learn more )
Decreased estimated tax payment for certain small businesses (learn more )