The Federal Tax Credits Blog

Archive for January, 2009

Citibank presents to you the widest range of home loan solutions to make your dream home a reality. In addition, a host of special features, unmatched service levels and flexible repayment options, ensure that we make your experience with us, a special one.

Citibank has announced the launch of CitiHome One-a product that will enable the customers to get a home loan facility as a combination of a straight term loan and the credit line. This product allows the customers to have a twin advantage of interest savings on their home loans by utilising surplus funds and the flexibility to structure repayments as per their convenience, as they can self-determine the amount they wish to take as credit line with the balance being structured as a term loan.

CitiHome One customers can borrow up to Rs 5 crore under the loan facility. The credit line can extend up to 30% of the total facility, or Rs 1 crore, whichever is lower. The term loan component has standard loan tenure of up to 20 years, while the credit line is subject to a maximum tenure of 10 years, post which the customers can either make a one-time repayment, or convert the credit line into a term loan and pay back through monthly installments.

N Rajashekaran, country business manager, global consumer group, Citi India, said, “This new programme will serve as a gateway for customers to experience the entire bouquet of our products and services thereby deepening our relationship with them and strengthening our efforts towards providing complete banking solutions for our customers.”

Apply For CitiBank Home Loan

New Laws Effective January 1, 2010

The following legislation will take effect beginning Jan. 1, 2010.

Credit card debt is really a menace and a lot of people are facing it around the globe. Credit card debt consolidation and bank loans are well known as ways of reducing and eliminating credit card debt. In all this confusion, credit card debt negotiation almost gets forgotten.

Well, credit card debt negotiation starts right from your credit accounts where you have the most hard-hitting credit card debt. This means credit card debt negotiation has to be taken up with your current credit providers. Before you misinterpret it, let me clarify that we are not talking about chucking off a portion of your debt through credit card debt negotiation. We are talking primarily about using credit card debt negotiations for getting the APR on your current credit cards reduced to some lower figure. So, credit card debt negotiation is about talking to your current credit card suppliers for informing them about your intention to clear off your credit card debt and using your skills (credit card debt negotiation skills) to agree a lower APR rate with them. Basically, credit card debt negotiation is about asking your current credit card suppliers for help/assistance in clearing off your credit card debt. If credit card debt negotiation is successful, it will save you not only money (due to reduction in APR) but also the hassle that is associated with looking for a new credit card (to transfer balance).

However, if the credit card debt negotiation, with your current credit card supplier, doesnt yield the desired results, you will have to look for other credit suppliers who can help you in consolidating your debt. Again, you will need your negotiation skills (rather credit card debt negotiation skills) to get a good deal from them. If your credit card debt negotiations work out well, you might be able to get a really low standard APR or you might get a longer term on 0% APR (or you might get both). These are really the most important things and your credit card debt negotiations should concentrate more on these than anything else. The other thing to include on your credit card debt negotiation would be the credit limit and other benefits. Here, you are basically trying out the possibility of getting a better credit card as part of your credit card debt negotiation. For people with really bad credit rating, getting an unsecured bank loan or getting another credit card (for balance transfer) is really difficult. For them, getting an unsecured bank loan or credit card is what you would term as credit card debt negotiation.

So, dont hesitate in going for credit card debt negotiation. It is surely an option available for all.

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Girish

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Credit card offers–Credit card offers

Bulgaria, Russia Start Talks for New Gas Supply Contract

Bulgaria and Russia are starting negotiations for a new long-term gas supplies agreement at the beginning of 2010.

AMERICAN DEMOCRACY IS AN ILLUSION…

Question: Tax Refund: If I claim all my exemptions, and qualify for EIC and Child Credit, can I still get a refund?

Money is tight, so I want to claim all my exemptions so the taxes aren’t taken off my check. My wife and I qualify for Earned Income credit and the child tax credit with our two kids. If I do this will I still get a refund, or will I have to pay?

Answer: How old are your two kids? The child tax credit stops the year that they hit the age of 17. If they are under that age for right now, what you want to look at is to see if your Earned Income credit and the child tax credit add up to more than what your tax liability is. If they do than you will won’t owe anything with having no taxes taken off your check (You still will have to have social security and medicare taxes taken out no matter what.). You should also look at your state tax return (if you live in a state that has a state income tax) to see if your state credits are more than your state tax liability.

School tax-credit deadline looming

This week marks a big push by Valley school districts for much-needed tax credit donations as the Dec. 31 deadlines looms.

5 Things to Know About The Child-Care Tax Credit