The Federal Tax Credits Blog

Archive for July, 2011

Question: I received money from a QDRO/divorce. I used $20,000 of this for downpayment on primary residence. Tax credit?

I paid taxes on the entire amount and then paid the $20,000 downpayment on my new residence/primary residence. If there is a credit or something for this, what form/s would I use and where could I find more information on this?
Thanks!

Answer: In USA, you don’t get a tax credit for putting money down on a house – only for mortgage interest and real estate taxes once you begin making mortgage payments and you’ll get a 1098 form showing how much you can claim each year

Michigan’s primary land-use plan a failure (Viewpoint on public issues) …

Capitol Report looks at tax credit and exemption task force, primary care physician shortage

Question: I live in North Vancouver Canada, and my upstairs neighbor shredded my gst/hst credit check!?

My (crazy) upstairs neighbor shredded my GST/HST Tax credit BC Climate Action Tax Credit Check… what do I do!? Is there a number that I can call to have it resent? Or sent to a different address so my niehgbor doesn’t get ahold of it again?

Answer: You can call then and explain what happened – or , maybe not & just say you didn’t receive it?:
“If you have any questions at all about the GST/HST credit, you can call us toll-free at 1-800-959-1953, or you can send a letter to the tax centre that serves your area.”

Although they may say they have to wait a few months to make sure the chq wasn’t actually cashed…

The best way to make sure the next one isn’t shredded is to have it direct-deposited into your bank account. Or I guess get a mailbox somewhere else.

HST Rebates will make BC Aviation Company More Competitive

Question: Qualify for 2009 Homebuyer Tax Credit?

I have a buyer (I am a realtor) that is interested in buying a duplex property. Her and her husband plan to live in one side and rent out the other. Would they qualify for the $8000 tax credit?
Note: All other eligibility requirements have been met.

Answer: You should know this. The credit is for single family homes only, no investment property.

Kelley Keehn Discusses Federal Home Programs CTV CFRN May 2009

Home Energy Assessments