By: Tax Advisors Tax Planning Views: 5129 | Comments: 0 | Votes: 0
In 2009 and 2010, the Making Work Pay provision of the American Recovery and Reinvestment Act will provide a refundable tax credit of up to $400 for working individuals and up to $800 for married taxpayers filing joint returns. These changes may result in an increase in take-home pay. More
By: NCR Credit Plus Credit Repair Views: 7354 | Comments: 0 | Votes: 0
* The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase. * The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000. Who Qualifies for the Extended Credit? 2. No. More
By: Tax Advisors Tax Planning Views: 4104 | Comments: 0 | Votes: 0
Education Credits The American Recovery and Reinvestment Act of 2009 introduced significant changes to education credits. American Opportunity Credit (AOC) – This credit modifies the existing Hope Credit for tax years 2009 and 2010, making the Hope Credit available to a broader range of taxpayers, including many with higher incomes and those who owe no tax. More
By: Russell Wild Personal Finance Views: 3559 | Comments: 0 | Votes: 0
Do you find that money “slips through your fingers” or you’re constantly surprised it runs out before the month ends? That might be a signal that you earn too little, spend too much—or maybe you’re simply disorganized. “Spending time taking care of finances is an investment just like putting away cold cash,” Wild said. -Bill paying: Does your system work? More
By: Kenneth R. Harney Real Estate Views: 9399 | Comments: 0 | Votes: 0
If you've been holding back on getting involved with the new $6,500 federal tax credit for repeat home purchases, there's no more excuse for inaction. You now have all the official IRS guidance you'll need to buy a house, qualify for the credit and pocket the $6,500. 6. On Jan. The credit is for up to 10 percent of the price of the replacement home, capped at $6,500. Get moving. More
By: File Your Taxes Online Tax Planning Views: 8411 | Comments: 0 | Votes: 0
Do you have any independent contractors working for you? If so, please note that the IRS is increasing its focus on worker classification. The consequences of misclassifying workers are significant to the worker, the employer, and governmental agencies. The IRS will perform an examination of 2,000 random companies per year over the next three years. More
By: Tax Advisors Home Loans Views: 12204 | Comments: 0 | Votes: 0
First-Time Homebuyer Credit Comparison Chart Housing and Economic Recovery Act of 2008 American Recovery and Reinvestment Act of 2009 Worker, Homeownership and Business Assistance Act of 2009 Effective for purch More
By: Lew Sichelman Home Loans Views: 3872 | Comments: 0 | Votes: 0
Reporting from Washington - The United States tries to take care of its warriors, a tradition that Congress has continued in little-known sections of the latest home buyer tax credit legislation and one of the government’s main programs to help military owners who must sell their houses for less than what they owe. 1, 2009, and April 30, 2010. 1, 2006, and Sept. More
By: NCR Credit Plus Credit Repair Views: 3861 | Comments: 1 | Votes: 0
In a world where shopping online and booking a hotel or a rental car usually demands plastic, few people can survive without a credit card.But vast changes in credit regulation coupled with a souring economy turned 2009 into the most turbulent credit year in decades, with a record number of rate hikes, consumer cancellations and changes in fees, terms and credit limits. More
By: Telecom Advisor Personal Finance Views: 3809 | Comments: 0 | Votes: 0
By Mike Musgrove Sunday, November 16, 2008 My friend Susanna has never had a cable subscription. Sure, she has occasionally felt left out of the national conversation over the years -- mainly, when "The Sopranos" was on. "I knew cable was just a passing fad," she joked. "It only took 25 years." Crane recently vowed that he was done with Comcast. More
