The Federal Tax Credits Blog

Archive for the ‘Tax Credit Stimulus’ Category

Question: I purchased a home in Jan 09 and claimed the 7500 credit this year when I filed my taxes. What now?

The 7500 bucks was offered but had to be payed back. I filed my taxes before the stimulus was passed this week. Can I get the 8000 bucks in the stimulus?

Answer: Yes you can. You will have to file an amended return 1040x. You can get the additional 500 and you wont have to pay it back. The initiative was just signed so the form for it is not out yet.

Home loan demand up in tax credit’s last days

Demand for loans to buy U.S. homes raced to a seven-month high last week in the last hurrah for federal homebuyer tax credits that ended April 30, Mortgage Bankers Association (MBA) data showed on Wednesday.

TheRealDeal – Housing experts discuss stimulus options

Question: Are you looking for a hand out – how will he do it?

OK lets see:
you are gonna get a gov health care
Stimulus rebates 2 times a year
double the eic (EIC Tax Credit) OH..I am sure you already know what that is don’t ya ?
tax cuts for 95% of the country..
SO what are we going to cut ?
armour for the troops ?
Education for the kids
Medicare for seniors
disability
What What WHat is gonna give.
Just who – please tell me who is going to pay for all this ?

Answer: I’m sure not going to expect anything. I am retired military and drawing a pension. I’ve been hounded to file for the stimulus rebate for 2 months. I manage ok on my pension even though some months get a bit tight.

I didn’t file for the stimulus rebate and i’m not going to ask for a damn thing…

Future generations of Americans our Grand Children and even their great grand children are going to be paying through the teeth for all this ridiculous spending that’s going on.

Add to your list the illegals who Obama will allow access to draw social security without contributing.

I visited Obama’s website. He has a tax calculator on his site. I entered my pension income and it says i’ll pay $500 dollars less on my pension than i would under mccain’s plan. Under the current tax structure I don’t have to pay taxes and wouldn’t under McCain’s plan either. So I wonder how Obama is doing the math.

I voted last friday for John McCain.

States stymied by school stimulus rules

Auditor-general says federal guidelines hampered state authorities from implementing the Government’s $16.2 billion schools building program.

How Does the Stimulus Work? Rescuing the Economy

Question: Is there any credit in the ‘09 stimulus check for self employed people or just employees with less tax taken?

As I see it the 2009 stimulus is less money taken out for taxes of your paycheck each week. But, I’m self-employed with no employees. What do I get out of the deal? After all the “American Dream” of owning your own business must have some kind of credit, correct? Or, is what I get out of this deal the big shaft?

Answer: There will be a credit on the 2009 return that you will file next year ($400 if single/$800 if married).

CCH Lists Ten Tax Changes That Benefit Individuals on 2009 Returns

Changes to the tax laws in 2009 as part of massive “stimulus” legislation can lead to lower taxes and bigger refunds for many individuals on their 2009 returns, according to CCH, a Wolters Kluwer business and a leading provider of tax, accounting and audit information, software and services .

$8000 2009 Tax Credit Expiration COMING SOON!!!

Question: Where do people get the idea that the Stimulus bill would benefit illegals?

We hear this claim over and over. Are people misinformed by the media? or is this fact?

http://mediamatters.org/items/200901300010

Summary: Lou Dobbs falsely claimed that the economic recovery bill, which the House recently passed, “would allow people who don’t have Social Security numbers to be eligible” for the bill’s Making Work Pay tax credits and would therefore make undocumented immigrants “eligible for checks.” In fact, illegal immigrants without Social Security numbers are not eligible for tax credits under the stimulus bill.

Answer: From Rush Limbaugh and his Band of Ignorant men.

Biden says average income tax refunds up nearly 10 percent, gives credit to stimulus plan

WASHINGTON – Vice President Joe Biden says average income tax refunds are up nearly 10 percent to just over $3,000, largely due to various tax benefits in last year’s economic stimulus bill.

Economic Stimulus Package

Rowdy students throw punches, block gates to protest funding cuts at US campuses

State tax dollars, YOU ARE the rich – a group with the means and/or credit rating to pay tens of thousands of dollars a year for schooling. Let me be the first to welcome you to the secret society. Mo…

The $399 window from Innovative Home Concepts.