New Bill Helps Mattress Buyers
Tuesday, November 03rd, 2009 | Author: Sylvia
Wondering about the economic viability of purchasing an organic mattress? The federal government may be able to help.
H.R. 3382, The Home Improvements Revitalize the Economy Act of 2009 — or HIRE for short — was introduced on July 29 by Rep. Henry Johnson (D-Ga.). If passed into law, it will allow a tax credit of up to $500 and deductions of up to $2K through the year 2011 for the purchase of residential building products and furnishings (up to $4K for products that meet approved environmental standards – yay Rep. Johnson! 
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The bill, which is reportedly enjoying bipartisan support, is making its way through the House Ways and Means Committee. To track its progress or for more information, go to govtrack.us/congress/bill.xpd?bill=h111-3382.
I’ve been engaged in taxations for longer then I care to acknowledge, both on the personal side (all my employed life history!!) and from a legal point of view since satisfying the bar and pursuing tax law. I’ve offered a lot of advice and righted a lot of wrongs, and I must say that what you’ve put up makes impeccable sense. Please uphold the good work – the more individuals know the better they’ll be armed to handle with the tax man, and that’s what it’s all about.
Right back atcha, Tax Guru! Thanks for writing!
It is wonderful that this bill may get passed but I feel great knowing that my families mattresses are safe and environmentally friendly. The tax credit is just a cherry on top!