Now that the $787 billion stimulus package has passed and been signed into law by President Obama, everyone is scrambling trying to figure out what they'll get out of the deal.
Here's a summary of things included in the plan that may affect you as an individual taxpayer.
Stimulus Package Benefits For Individual Taxpayers

• Making Work Pay Credit: The bill provides a $400 credit per worker and a $800 credit per dual-earner couple.
  The full credit would be paid to people making $75,000 or less ($150,000 per dual-earner couple).
  
• One-time payments to those who don't work: For retirees, disabled individuals and others who don't work, the bill provides a one-time $250 payment.
  
• Break for higher income families: The bill includes a one-year provision to protect middle- and upper-middle-income families from having to pay the Alternative Minimum Tax.
  The AMT was intended primarily for high-income taxpayers but has in recent years threatened to engulf those lower down the income scale.
  Estimated cost: $470 billion.
  
• Temporary deduction for car buyers: The bill would let those who buy a new car, light vehicle, recreational vehicle or motorcycle in 2009 deduct state and local sales taxes as well as any excise tax charged in the purchase.
  The deduction would be available to those earning less than $125,000 ($250,000 for joint filers).
  Estimated cost: $1.
  7 billion.
  
• Temporary credit for home buyers: The bill increases the size of an existing temporary and refundable first-time home buyer credit to $8,000, up from $7,500.
  It also removes the requirement under current law that the credit be paid back if the buyer stays in the home for at least three years.
  
• New temporary college credit: The bill introduces the American Opportunity Tax Credit, which would be in effect for 2009 and 2010.
  It expands the existing Hope Scholarship tax credit and would be worth as much as $2,500 for higher education expenses, up from $1,800 currently.
  
• Health insurance help for the jobless: The bill includes provisions to help eligible jobless workers pay for health insurance under Cobra.
  Cobra coverage allows newly unemployed workers to keep health insurance provided by their former employers for a period of time.
  For workers who have been laid off between Sept.
  1, 2008, and Dec.
  31, 2009, the government will subsidize 65% of their premiums under Cobra for up to 9 months.
  
• Unemployment benefits: The bill provides jobless workers with an additional 20 weeks in unemployment benefits, and 13 weeks on top of that if they live in what's deemed a high unemployment state, of which there are now about 30.
  

So those are some of the main provisions affecting individual taxpayers in the "stimulus" bill.
To find out the rest, check out the link in the resources below!