H.R. 1805 · 111th Congress

American Working Families Tax Relief Act of 2009

Stage
In committee
Sponsor
Zach Wamp
Introduced
2009-03-31
Latest action
2009-03-31 · Introduced in House

Summary

American Working Families Tax Relief Act of 2009 - Amends the Internal Revenue Code to make permanent the tax deductions for state and local sales taxes, qualified tuition and related expenses, and mortgage insurance premiums.

Modifies the first-time homebuyer tax credit by: (1) allowing all purchasers of a principal residence, not just first-time homebuyers, to claim such credit; (2) eliminating the requirement to repay credit amounts over a 15-year period; and (3) imposing a recapture requirement for taxpayers who dispose of a residence within 36 months after purchase. Extends such credit through December 31, 2009.