Don’t miss out on
big stimulus savings.

“Thanks to the American Recovery and Reinvestment Act, New York’s middle-income families could potentially see tax savings of $3,000 to $5,000. However, these incentives are only available for a limited time. If you think you may qualify for any of these tax credits or benefits, it’s important that you act soon and secure your savings before time runs out.”

– Assemblywoman Weinstein




HELENE WEINSTEIN’S
Community Office Gets Results!
Assemblywoman Helene Weinstein along with her experienced community office staff can provide you with important services, help you apply for government programs and solve your problems:
Important Tax Information Below
Helene Weinstein Brings the Senior Half-Fare MetroCard Bus to the Community Office on the Third Thursday of Every Month.
Helene Weinstein’s Community Office
3520 Nostrand Avenue, Brooklyn, NY 11229 • 718-648-4700
Mon. – Thurs. 9:30 am to 5:00 pm • Fri. 9:30 am to 4:30 pm

We speak English, Creole, Russian, and Yiddish
Call or Stop in if you have a problem or question


The following are available tax credits and
cut-off dates for federal government
stimulus benefits.
End-of-the-year deadlines are fast approaching,
so be sure to secure available credits
and incentives while they last!



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Tax credits for college
The American Opportunity credit has modified the existing Hope Credit for tax years 2009 and 2010. The credit is now available to a broader range of taxpayers, including those with higher incomes and those who owe no taxes. Many of those eligible will qualify for a maximum annual credit of $2,500 to cover tuition, books and other related school fees.

Computer purchase credits
The American Recovery and Reinvestment Act has expanded the list of expenses covered by the 529 plan. Those enrolled in the college tuition savings program may be eligible to have the cost of laptops and related computer programs covered for college during 2009 and 2010.



First-time homebuyer credit
First-time homebuyers qualify for a tax credit of up to $8,000 if they buy or enter into a binding contract to buy a principal residence on or before April 30, 2010, and close on the home by June 30, 2010. Military personnel have an extra year to purchase. Others may qualify for a reduced credit if they’ve lived in a house for five consecutive years over an eight-year span. Rental property and vacation homes don’t qualify.

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New car purchase
Those who purchase a new car, truck, motor home or motorcycle between Feb. 16, 2009, and Jan. 1, 2010, may be eligible to deduct the state and local sales tax. There is no limit on the number of vehicles purchased, but the deduction per vehicle is limited to the first $49,500 of the purchase price.


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Energy-efficient home improvements
Credits and incentives up to $1,500 are available to homeowners who invest in energy-efficient improvements such as adding insulation, energy-efficient windows and energy-efficient heating and air conditioning systems. In addition, homeowners who install residential alternative energy equipment – like solar heating systems – may qualify for a credit equal to 30 percent of the cost. To qualify for these credits, improvements must be placed into service in 2009 or 2010.

For more information on eligibility for these and other government benefits and incentives, visit:

www.irs.gov/newsroom/article/0,,id=204335,00.html

Assemblywoman Helene E. Weinstein
3520 Nostrand Avenue
Brooklyn, NY 11229
718-648-4700

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