The Federal Tax Credits Blog

Posts Tagged ‘2009’

Senate Session 2011-07-06 (12:10:04-12:33:41)

2002 JEEP WRANGLER 2dr X * LOW MILES * CarFax Certified

Question: Unemployment and Earned Income Tax credit… Can I still qualify?

I have been on Unemployment for all of 2009. I have 2 children. I know I do not qualify for the eitc with that alone. I also worked a little on the side (odd and end jobs), but paid no taxes in. How do I file this to get the eitc. What is the minimum, ect. All info regarding any of this is very much appreciated.

Answer: !

01 29 09 IRS EITC TAX CREDIT

Question: Will the Obama stimulus package affect my first time homebuyers credit?

i am about to file my taxes and will be taking the first time home buyers $7500 credit (loan). I bought my first home in july 08 . But today i see that the senate is going to ok a $15000 credit. Will this also involve the poeple that bought a home last year or only people that buy a home this year?should i wait to file so i dont have to refile?

Answer: I suggest you go ahead and file. It could take a long time for any bill to pass. Go ahead and get what you have coming to you. The software is already set for the 2008 tax season for the $7500 credit. If they do come up with any changes it should have to be handled on an amended tax return.

So don’t wait. We will have to see what kind of bill gets passed and then they will have to set up programs to be able to handle any adjustment to the current credit.

Laura H – H&R Block – Senior Tax Advisor 5
**This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.

2009 – It was a Great Year! by Greg Reese – A 30 Second Review!

Electric car offers alternative to high gas prices

On the outside, the THINK City electric car looks like a life-size toy. Behind the wheel, though, it drives like a regular car, albeit with a few minor differences.

The Business Opportunity in a Low-Carbon Energy Economy