In January 2014 H.R.3590, the Patient Protection and Affordable Care Act, will go live. As a result many people will see increased taxes, and others will receive tax breaks. Let’s take a look.
$1000 Child Tax Credit Extended Through 2011-2012
Yesterday we talked about how the energy efficient home improvement tax credit was extended into 2011, albeit at a lower reduced maximum of a $500 max credit per homeowner, at at a reduced amount for many eligible products. While the credit is still around, the effect it will have at this reduced amount is anyone’s […]
$8,000 and $6,500 Homebuyer Tax Credits Extended Again Through September 2010 Via H.R.5623
Last month I wrote about how many people were in danger of being left out in the cold with their first time homebuyer or current owner homebuyer tax credits. Because of the large number of homes being purchased, and the slow pace that many banks were taking on homes being bought that were short sales […]
Will There Be An Extension Of The June 30th Closing Deadline For The First Time Homebuyer Tax Credit?
The homebuyer tax credit closing deadline has been extended until September 30th, 2010 for those who were under contract by April 30th, 2010. Details here. Over the last year or so we’ve had a lot of talk on this site about the homebuyer tax credit. It helped to spur activity in the real estate markets, […]
Top 10 Tax Credits To Take Advantage Of
This is an article from PT over at PTMoney.com. Head on over to his site and to get his 52 Ways To Make Extra Money e-book. It’s that time of year again. Time to file your taxes. Whether you do it yourself, or you hand things over to a CPA, it’s good to be familiar […]
3 Reasons Why A Big Income Tax Refund Is A Horrible Thing
Over the next few months we will be taking a long and laborious journey through the perilous tax season. But, some of you are giddy with excitement. You think you are finally going to get something of value from the government – an income tax refund. All year you’ve been waiting for this moment. Now […]
$6500 Homebuyer Tax Credit For Current Homeowners Signed Into Law Today. Is It Retroactive?
Last week I wrote about how congress was attempting once again to pass an extension of the $8000 first time homebuyer tax credit. There had been several false starts to get an extension passed as the senate and congress weren’t able to agree on amounts of credits, whether to extend the credits at all, and […]
Senators Agree To Extend First Time Homebuyer Tax Credit And Allow Up To $6500 Tax Credit For Current Homeowners
For some time we’ve been talking about the first time homebuyers tax credit that was passed as a part of the 2009 Economic Stimulus Package. As we mentioned a short time ago, if you haven’t already put in a contract on a house and set up your closing for before November 30th, you most likely […]
Lawmakers Push For An Extension Of The $8000 First Time Homebuyers Tax Credit Into 2010 In Proposed Bill
Since earlier this year we’ve been talking a lot about the $8000 first time homebuyer tax credit that was passed as a part of the 2009 Economic Stimulus Package. The credit has been available for first time homebuyers since January 1st, and will continue to be available until November 30th. Now that the program is […]
Time Is Running Out To Get The $8000 First Time Homebuyer Tax Credit
A few months ago we wrote for the first time about the $8000 first time homebuyer tax credit that the Obama administration passed as a part of the 2009 stimulus bill. The measure was aimed at helping to improve the real estate market that has taken such a huge hit over the past year. They […]
$8000 First Time Home Buyer Tax Credit Can Now Be Applied to FHA Down Payments
The article was written by Brandon Laughridge of Mortgage Loan Place, a writer for MLP’s Mortgage Loan Blog. If you enjoy this article, you cansubscribe to the MLP RSS Feed! The government is trying to re-energize the stagnant housing market, and that’s making FHA loans more attractive than ever. Headlines have pulsed this week with […]
How Much Extra Will I See In My Paycheck Because Of The 2009 Economic Stimulus Package?
credit: katmere What Benefits Will I See From The Stimulus Bill? The last week or so I’ve been looking at the 2009 Economic Stimulus bill that was passed, and talking a little more in depth about what some of the benefits are that people can expect to receive. We talked about home buyer tax credits, […]
First Time Homebuyer Tax Credit of $8,000 in 2009 Economic Stimulus Package
Stimulus Package Good For First Time Homebuyers The 2009 Economic Stimulus Package passed and was signed into law earlier this week. On Wednesday I posted about what parts of the stimulus bill will affect individuals, and what benefits you can receive from the stimulus package. Today I thought I’d take a closer look at one […]
