The Federal Tax Credits Blog

Archive for January, 2010

Question: I’m on disability soc.sec. and a law firm is suing me for a credit card I owe on?

I know there is a federal law that protects soc.sec. receiprents. I just can’t find it. It says nobody may touch soc.sec. money but the gov. for taxes and child support. Does anyone know where to find this law? Also if I’m sued and they win, and I’m on disability can they take any money from me. I need all of it to live on

Answer: the only garnishments on ssi or ssid that can be done are for student loans and child support. go to

www.ssa.gov or calll them at 1800 772 1213.

i have been a rep payee to two ppl for over 25 yrs.

i know someone who was sued but the income cannot be touched.

they can get a judgment but then they have 7 yrs to collect and they cannot collect on your income.

Ritter rejects tax amnesty for land credits

DENVER – Gov. Bill Ritter will oppose any legislation to grant amnesty to hundreds of Coloradans whose tax credits for conservation easements are being challenged by federal and state authorities. Ritter’s chief counsel, Trey Rogers, said the disputed credits total $100 million – money the state needs with a $1.5 billion budget deficit. Instead, the administration wants to settle each case …

Up To $8,000 in Federal Tax Credits

Question: I am looking at buying a house (I am a first time home buyer credit)?

Hello I am looking at buying a house. I am a first time home buyer and so I am thinking I will get the tax credit, but I am not sure because I will need a co-signer (my mother who is not a first time home buyer) will this effect my eligibility for the tax credit?

(not that this matters for the question, but I am sure people will think I am getting over my head if I need a co-signer)
1) I will not qualify for a loan on my own
2) I am not buying a house I cant afford I will have roomates (and beable to pay on my own if they screw me) Also I will be putting down over 10%

Answer: As long as the deed/title of the house is in your name, you should qualify for the first time home Buyers Tax Credit. Whose name the mortgage is in is not as important…

Homebuyer Tax Credit: What does it mean?

January 18, 2010 A Federal Tax Credit Extension signed into law in November extends the $8,000 first-time home buyer tax credit that was originally set to expire the first of that month. What does it mean for home buyers?

How to Use the Home Buyer Tax Credit to Invest, Buy for Someone, or Downsize.mp4

Government/Regulations: Related News

1/22/2010 – CARB Reiterates Enforcement of Airborne Toxic Control Measure The California Air Resources Board has began enforcing its Transport Refrigeration Unit (TRU) Airborne Toxic Control Measure (ATCM) in-use performance standards earlier this month, contrary to rumors that the measure is on hold….

Sub-Prime Crisis Analysis on “Left, Right and Center” Pt 2

Blinds Express Announces $1500 Tax Credit With Purchase of Comfortex Blinds Insulation System

Homeowners can now receive up to a $1500 tax credit with the purchase of the ComforTrack™ Plus Energy Saving Sidetrack Insulation System offered by online blinds superstore Blinds Express.

Talk to Consumers, Talk to Builders, Talk

It’s Rebate Time: Starting Monday, Funds Offered For Replacing Old Appliances With New Ones

The state has $3.4 million to distribute over the next three months to consumers who replace their old, energy-grabbing appliances with new, energy-efficient versions. The CT Recovery Appliance Rebate Program launches Monday and continues through April 30.

OTguyJan2pt1.wmv