Monday, August 24, 2009

IRS Features Recovery Tax Credits on YouTube & iTunes

According to their newest press release, the IRS is uploading a series of videos and audio segments to “help taxpayers take full advantage of the 2009 tax provisions in the American Recovery and Reinvestment Act.” They have even launched a YouTube channel and iTunes pod cast to connect with younger audiences.

People can visit the video site at to view information about the Recovery, tax tips and how-to videos. These videos will be in English, Spanish, American Sign Language and other languages.

The YouTube focus will be on the provisions of the American Recovery and Reinvestment Act. Videos will highlight the $8,000 first-time homebuyer’s credit for those who purchase a house this year, the sales or excise tax deduction on new car purchases and the expanded credits for education and energy conservation.

The IRS YouTube channel will debut with seven Recovery videos in English and ASL and eight in Spanish. Also, included will be a video on using the IRS Withholding Calculator. Many workers received the Making Work Pay tax credit in April through their tax withholding at work. However, people who have more than one job or working spouses should especially check their withholding to ensure neither too much nor too little is being withheld. People can use the calculator to help determine if they should make adjustments.

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