White House officials said Monday that tax credits launched under last year's economic recovery bill have boosted the average refund by nearly 10% from the previous year.
The average tax refund for 2009 has reached $3,036, up $266 from a year ago, according to early data from the Internal Revenue Service. Link
Even Accountants are taking notice:
Jackson Hewitt Manager Patrick Shields says that in the 300 or so returns he filed, most were substantially more than in previous years. Shields says his customers were more than happy.
"Very happy," he said. "Some of them extremely happy."
Most of the tax breaks people are enjoying this year are coming as a result of the Recovery Act, which passed without a single Republican vote in the House and only three in the Senate (and this includes Arlen Specter, who is now a Democrat).
So now that one of the biggest talking points that Teabaggers use against Obama and the Democrats (they raise taxes) has been discredited, will they give the proper credit? I wouldn't hold my breath.
