The Federal Tax Credits Blog

Archive for August, 2009

Question: Can you get a tax credit for metal roofing installed in 2008?

I have found tax credits for 2005, 2006, 2007 AND 2009. But nothing for 2008…. Any insight on where to look would be helpful. Thanks.

Answer: Unfortunately no. The tax credits expired December of 2007, and were not renewed for 2008.

Like you mentioned, they are back, but that won’t help you for 2008

See

http://www.energystar.gov/index.cfm?c=products.pr_tax_credits

Report: Leesburg Still Pricey Place To Live

The Town of Leesburg’s housing prices continue to outpace the incomes of the average person, according to results gleaned from the Town Plan Monitoring Report.

The 2009 Bugatti Veyron 16.4 Grand Sport – Pebble Beach

Question: with 1000s of mortgage and credit card defaults and the stock market plunging, are we headed for a depression?

rents, mortgages, taxes are spiraling upward.
1000s of people are losing their jobs to “outsourcing”
homes are going into forclosure at a record rate.
wages are not increasing

it is dismal and looks worse every day

Answer: The mortgages that are being “defaulted” on should never had been given in the first place. Adjustable rates, what a crock of doo-doo they are. Credit Card defaults are about the same level as they always have been. Now we have Gary Coleman advertising “Call Cash” that has a 99.25% interest rate. (look at the small print on the bottom right of your tv screen) People will fall for that. If they borrow $100. they will owe $199.25 the next day. What needs to be done is for each city have a “stupid class” and send people there.

So much for my rant!!!!

Rob Johnson: Reviving Confidence in the American Economy: China, Investment and the Deficit Hawks

The retrenchment of the American consumer blows a chill wind over the sentiments of consumers and business investment. Only the Obama Administration’s fiscal stimulus resists the decline of demand.

Obama Fights Outsourcing

Global sporting events ‘aid developing nations’

In the last of our articles from The House Magazine in 2009, in this piece from November Kate Higgins, a research officer at the Overseas Development Institute, explained why the World Cup will bring long-term benefits to South Africa.

The Recession is not over – October 28, 2009

Inspection of a house is necessary before anyone bids for buying the property. Inspections can be done for the entire building or for its roof. It is advisory that even owners should get their roofs checked once in a year to avoid its cleavage later on. This is done by several agencies in Tampa and other places of Florida.

On being appointed for such a task, the Roof inspection services in Florida make use of Infrared thermography to locate moisture in a roof. A proper survey, inspection followed by documentation is done to get a through understanding of a roof’s condition. Such kind of inspection is also necessary before starting repairing works on a roof. By doing so, thousands of dollars can be saved by concentrating on regions that are actually porous. Thus it is exceptionally vital for everyone to make sure that they make use of inspection services available in Florida.

Similar sort of inspection services is also available in Thampa. Building Inspection in Tampa is necessary and is thus lauded by people as they provide very effective solutions. This is keeping in view the overall expenditure involved in repairs. Moreover, buying new properties also becomes safe with the inspection services. A person will not accrue more charges after the purchase of a house with the building inspection in Tampa. The inspection team can easily detect water damages, wind ravages and other natural cracks in a building. Moreover, the charges of such an inspection agency are very reasonable. Thus now know the loopholes of a building before committing to buying one.

Community Calendar

Based upon space availability, The Review prints calendar announcements and items for columns, including campus news, newsmakers and others for local organizations and individuals. The deadline is 14 days before the desired publication date, however there is no guarantee for publication. Send releases and items of local interest to: Skokie Review or Lincolnwood Review, 3701 W. Lake Ave …

$8,000 Tax Credit

Question: How do you get the first time buyer credit for buying a home?

Also, I rent right now and I want to keep renting my house and buy a duplex. Can I use the credit for part of my down payment. Will it matter that it’s an investment property and not for me to live in?
Yea, that would be ok but my house now is a lot nicer and I still have a lease. I was thinking that would be the case. I will probably still do it but with my own money.

Answer: It takes a few months to get the money back from buying your first home.

Weel of 12-25-09

Grief Support Group, offered as a community service by Optimal Hospice Care. Meetings held 1st and 3rd Thursday of each month. 10:00a.m. At Chevron Valley Credit Union, Community Room, 1092 W. Kern St., Taft. Enter by outside entrance – Albertson-s Shopping Center.

3 FAMILY DUPLEX FOR SALE