Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

2 of 8
BACKNEXT
Tax credits
Tax credits
The bill provides a tax credit of up to $300 for households making less than $42,000 a year.

The tax credit is meant to offset higher energy prices. While CBO says the average increased costs per household will be $175, that number varies greatly depending on income.

The poorest households will receive the full tax credit of $300, and will actually see in a yearly increase of $40 in spending power. For the richest households, the cost will be $245.

NEXT: Job security

Last updated June 26 2009: 10:07 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Driving the world's first car Driving a replica of the 1886 Benz Patent Motorwagen, the first internal combustion automobile. More
The 7 biggest investment mistakes celebrities make From betting too heavily on real estate to overestimating future earnings, here are 7 of the most common money mistakes that celebrities make. More
Cotton candy, toothpicks, pet gel -- these products are all made from marijuana Legal cannabis, an estimated $5.4 billion industry, is drawing in entrepreneurs with a variety of innovative products -- from skin patches to pain relief gel for pets. More

Special Offer