Posts Tagged ‘credit’
Tax Credit Legislation
August 31st, 2010
Question: Any news or proposed legislation to extend the $8000 tax credit beyond December 1st 2009?
Answer: As of now, no.
That could change but, with the economy picking up, I don’t see it happening.
Gillibrand, Hall push for vets’ business tax cut to be made permanent
NEW WINDSOR – A law that allows businesses to receive a 40 percent tax credit on the first $6,000 paid to any veteran they hire who has just returned from Iraq or Afghanistan is due to expire at the end of the year.
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Engler expresses doubt about tax credit legislation
Tax Credit Agency
August 30th, 2010
Question: can the child support agency treat my tax credits that i get for child care as an extra income?
the money i get for child care to let me and my fiance go to work is being treated as an extra income by the csa and not that it is used to pay our registered child minder. its as if one government agency are giving us the money to pay for child care but another is trying to take it off us. can anyone advise me please. thanks
Answer: all extra benefit is treated as extra income, your child benefit is taken from you so you dont get any extra. only DLA is not counted.
TaxWatch: The tax credit that punishes
The Making Work Pay tax credit is causing some nasty surprises for some taxpayers who ended up with a withholding shortfall due to the credit.
| | A developer’s guide to the low income housing tax credit … |
| | Tax Credits for Low Income Housing: Opportunities for Developers, Non-Profits, Agencies and Communities Under Expanded Tax Code Provisions: Twentieth Anniversary Edition $195.00 … |
casa GURU TV – Understanding the 2009 Renovation Tax Credit
Posted in Tax Credit Help | 
Tags: agency, business, credit, credit agency, finance, government, tax credit agency, tax-credit | 
No Comments »Congress Tax Credit
August 28th, 2010
Question: Is it constitutional for congress to pay banks, credit card, insurance companies our tax dollars?!!?
The government is so obviously bought off by private corporations, to the point they are now handing over our tax dollars to them. Isn’t this illegal? Should they all go to jail for corruption? They are pretending it’s a bailout. THese are companies that charge over 20% interest rates and make bank. Just because they got greedy and gambled on Wall Street, why should they get paid off for all their losses instead of taking a hit like everyone else. They still seem to have enough to pay their CEO’s over 16 million in salary and take luxury trips like the one at the Ritz in Dana Point just days before the bailout passed. THey are laughing all the way to the bank on our dime and I’m sick of it, lying to us like it affects the economy of the CEO and shareholders make less profit than the amount they’re used to!
Answer: Congress can make any law to disburse funds from the Treasury in any way it sees fit.
It sucks, but if Congress makes a law, it’s legal.
Five ideas to stimulate the economy
Despite the $787 billion stimulus plan Congress passed in 2009 following the financial crisis, it’s been a painfully weak economic recovery. With unemployment staying at an unnervingly high 9.5%, economists expect growth to continue slowing later this year. This has only fueled talk of the need for another round of government spending.
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| | Earned Income Tax Credit; Hearings Before the Committee on Governmental Affairs, United States Senate, One Hundred Fourth Congress, First $34.79 Title: Earned Income Tax Credit : Hearings Before the Committee on Governmental Affairs, United States Senate, One Hundred Fourth Congress, First Session, April 4, 1995, Administration of the Earned Income Tax Credit, April 5, 1995, Design and Effectiveness of the Earned Income Tax Credit Publisher: Washington : U.S. G.P.O. : For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office… |
| | Congress to focus on helping uninsured in 2004; a tax credit program for purchasing private health insurance is likely.(Practice Trends): An article from: Clinical Psychiatry News $5.95 This digital document is an article from Clinical Psychiatry News, published by International Medical News Group on February 1, 2004. The length of the article is 1136 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Cita… |
Thank You Congress For Extending The Tax Credit Closing Date
Home Buyer Credit Faq
August 28th, 2010Question: First-Time Home Buyer Tax Credit?
Background info: http://www.federalhousingtaxcredit.com/faq.php
Can I claim a house I bought this year (2009) on my 2008 taxes or do I have to wait until next year???
Thanks, Helen. I am aware of the repayment. I just wasn’t sure if i’d be allowed to claim for this year since it’s purchased in 2009.Answer: You can claim the credit on your 2008 return. Remember, you have to pay it back, it is more like a loan then a credit.
Helen, EA in PA
Income, Credit & Home Loans: Buying a House : Private Mortgage House Insurance (PMI) Tips
Posted in Home Tax Credits | Tags: buyer, buyer credit, credit, credit faq, home, home buyer, home buyer credit faq, house, tax | No Comments »8000 Tax Credit Who Qualifies
August 27th, 2010Question: Earned income credit/tax refund question?
I have a questions for any qualified accountants/tax service employees or anyone who might know the answer.
My husband and I qualify for EIC. Typically we get around an $8000 dollar tax refund each year. We had a baby this year in March. So we now have 4 children under the age of 16. I went to the free Turbo Tax refund calculator (which in the past and this year for my sister was pretty accurate). When I put in that we had 3 dependents, it said we would get $10,289 but when I bumped it up to 4 dependents in went down to $6265. Is this right? Would the refund amount go down with a 4th dependent?
I didn’t think it sounded right either. I do remember our tax guy saying last year that our 4th child wouldn’t make our refund amount go up much, if any. But I couldn’t imagine it going down by $4000!Thank you all for your help
Answer: No, that doesn’t make sense. You wouldn’t get LESS EIC for four, just wouldn’t get any extra for the 4th child, and you should get the Additional child tax credit for the 4th child too. You wouldn’t get less overall with 4 kids than you would with 3.
8000 Tax Credit 2009