The package extends many Bush-era tax breaks, including lower rates, and cuts the Social Security payroll tax from 6.2% to 4.2%.
Taxpayers who didn't have enough withheld because of the Making Work Pay credit will have to pay up when they file.
Provisions on Coverdell accounts, capital gains, IRA gifts to charity and other extensions benefit those who are not rich.
The plan extends tax cuts, including the estate tax and the child tax credit. It also cuts payroll taxes. The unemployed and businesses would benefit, too.
Two energy tax credits can help you save energy and tax dollars.
Can you find more than five Tax Code provisions to criticize?
Many are failing to file the proper paperwork to receive the $400 ($800 per couple) Making Work Pay credit.
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MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.