The Federal Tax Credits Blog

Archive for June, 2011

Question: Why do conservatives call welfare Socialism when a Dem is in office but not when a Republican is in office?

Obama extended unemployment benefits for the 10′s of thousands of workers who got lay offs, is giving tax credits for people to upgrade windows and doors, and is giving a credit for college students to offset some of their tuition cost in exchange for community service, and some how now our country is in full blown SOCIALISM!! according to conservatives. I say move to cuba if you are so unhappy.

Answer: “Why do conservatives call welfare Socialism when a Dem is in office but not when a Republican is in office?”

What are you babbling about? We have always called welfare socialism even when a Republican is in office.

City OKs second town center loan

Grove City Council on June 20 awarded its second loan to a town center business.

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Window shopping 101: features and considerations – from Marvin Windows and Doors

Question: Extension of the first time homebuyer credit?

I saw last night on the television that the $8000 homebuyer tax credit has again been extended, but I can’t find anything on the web. Anyone have any more information??

Answer: It has NOT been extended.

Obama shifts debt-talk tactics, drops call for end to Bush tax rates

In seeking a higher debt ceiling, the president has dropped demands that Republicans raise taxes on the wealthy. Read more…

Tax Credit Expanded to Include Existing Homeowners!

Question: How can I find out about Obama’s rebate program for replacement windows. I live in Florida?

I remember reading that there was a rebate or tax credit for homeowners who install energy saving windows or storm windows.
Come on guys, I’m not here to debate the goods or bads of Obama, I just want an answer to my question.

Answer: If you haven’t installed them, just ask the people you’re buying them from. Some qualify, others don’t.

If you already have them, call the people who installed them and ask if they qualify.

“Khrushchev’s” and “Brezhnev” Baltic: As in Latvia, Lithuania and Estonia, the Soviet home repair

Despite the pre-crisis “construction boom” when the housing stock in the Baltic countries increased at the expense of new apartment buildings in different towns of Latvia, Lithuania and Estonia, like mushrooms, whole rose cottages, the lion’s share of the population still live in houses built in Soviet times.

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Vinyl Replacement Windows – Tax Savings on Energy Efficient Vinyl Windows

Question: $15000 tax credit for home buyers?

Can someone explain how this will work? Will I get a $15000 check next year after I file if I buy a house this year? Or do they just deduct $15k from my AGI to lower my taxes?

Answer: At this point it a proposal for the stimulus package and not a done deal. It is a tax credit (although I am not sure if it like the current one that is more of an interest free loan that gets repaid over 15 years). That means true tax credit of 10% of the value to a maximum of $15000.

The other way isn’t such a great credit, now, is it?

good luck!

House Session 2011-03-09 (15:27:00-16:28:39)