The Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853), passed by Congress on December 16, extends the reduction of alternative minimum tax (AMT) liability for nonrefundable personal credits, including the credit for nonbusiness energy property and the credit for residential energy efficient property, through 2011.
Previously the reduction expired after 2009.
The credits allowed include the dependent care credit, the credit for the elderly and disabled, the child credit, the credit for interest on certain home mortgages, the Hope Scholarship and Lifetime Learning credits, the savers credit, the credit for certain nonbusiness energy property, the credit for residential energy efficient property, the credit for certain plug-in electric vehicles, the credit for alternative motor vehicles, the credit for new qualified plug-in electric drive motor vehicles, and the Distric of Columbia first-time homebuyer credit.