$8,000 homebuyers tax credit extended

Job loss rate plays part in US election

By: MotorsportReport

The key number in next year's U.S. congressional election may be the unemployment rate, which last month hit a 26-year high of 9.8 percent. The figure helps explains why creating jobs is a top priority in the Democratic-led Congress where lawmakers know their own jobs are at stake if they fail to deliver. In next year's election, the Democrats ...

29 days ago

First Time Homebuyers Credit is Nearly Extended

By: TaxMama

The U.S. Legislature is getting closer than ever to signing an extension to one  of the few populist pieces of President Obama's Stimulus package - the First-Time Homebuyers Credit. The 2008 version offered 10% of the purchase price up to $7,500, as tax-free loan - which has to be repaid over 15 years, starting next year. ...

27 days ago

The tax credit that isn't

By: Mfary

The Federal Tax credit for upgrading to a high efficiency HVAC unit is more confusing than most take the time to understand. The residential energy property tax credit is nonrefundable.  Meaning, it allows the taxpayer to lower their tax liablity to zero, it CANNOT reduce the tax owed to below zero.  That is, a taxpayer cannot receive a ...

27 days ago

Vital homebuyer's bill would extend tax credit and unemployment ...

By: DelilahStarling

The Worker, Homeownership, and Business Assistance Act of 2009 would extend the homebuyer’s tax credit until April, 2010. Today, U.S. Senator Patty Murray delivered a speech on the floor of the Senate urging her colleagues to support the Worker, Homeownership, and Business Assistance Act of 2009. This bill would expand and extend the ...

27 days ago