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Released: February 26, 2010

5 new tax breaks you don’t want to miss

Source: Blake Ellis, CNNMoney.com

Tax season is upon us. And while nobody likes shelling out their hard-earned dollars to the IRS, this year the government is offering up some new opportunities that could save you big money.

As part of the American Recovery and Reinvestment Act, or stimulus bill, Congress introduced several new tax goodies that could help millions of Americans save—as long as they know to claim them.

“The purpose of these credits is to give back the maximum amount of money to taxpayers so that Americans spend a little more and help the economy,” said Jerry Morphis, CPA and owner of Accutax & Accounting, “but the new credits are not common knowledge.”

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