The Internal Revenue Service says it has $164.6 million in undelivered refund checks that belong to about 111,893 taxpayers. Most of that unclaimed money is sitting at the IRS due to mailing address errors.
California Governor Schwarzenegger signed into law a bill that will provide tax relief for California taxpayers whose mortgage debt on their primary residence was partly or entirely forgiven by lenders in 2009.
With unemployment above 10%, the president is looking for more ways to stimulate the economy with tax cuts, especially for middle class families who feel the pinch. The vice president’s Middle Class Task Force unveiled proposals this week to address the needs of those middle class families.