The Federal Tax Credits Blog

Posts Tagged ‘finance’

Question: i am due child tax credit on good friday UK when will it be paid will it be thursday?

Thank you
hey toxic i have but i am 38 weeks pregnant please dont assume!!!!! your the type of person that pulls society down

Answer: It will probably be in today or tomorrow, My Child benefit went in on Mon instead of Tues and my Tax Credit went in on Tues instead of today. Check your bank account.

More bad news for ideologue Osborne

Overnight forecast of “lacklustre” growth at odds with overly optimistic OBR figures. George Osborne. Credit: Getty Images

Tax Credits scare the living s#$t out of me

Question: I bought a new Prius in 2009, so what do I need to give my tax man?

Isn’t there a tax credit for new cars? What proof do I need to show of this purchase?

Answer: Bring the invoice from the dealership.

The sales tax is deductible.

There used to be a Hybrid tax credit but I believe that it expired on the Prius.

Levins push electric car credit

Following on President Obama’s State of the Union vow to put 1 million electric vehicles on the road by 2015, U.S. Rep. Sander Levin on Wednesday introduced legislation that would boost the production and purchase of electric vehicles by expanding a federal tax credit.

Corvus Cars

Question: Why are only 2008 New Home Owners getting the tax credit?

Please explain why new home owners from 2008 are the only ones to receive the stimulus tax credit for first time home buyers? 2008 home buyers experienced substantially lower interest rates and lower priced homes due to foreclosures and a failing housing market during this time. They also experienced buying their home with equity built in, however 2006-2007 home buyers will not be able to recoup their equity until this housing market upsides again. Who knows when that will happen? It would seem the home buyers of 2006-2007 would receive the tax credit in my eyes. I’m sure the research would show that there are more people that bought homes during this time period that have lost jobs and/or having problems paying their mortgage. The point should be made that if a family bought a house in 2008 then apparently times are not as hard as one would think for them…..

Answer: Just so you know, the tax credit IS NOT a way for the government to help the homeowners. Rather it is the government’s intention to use this tax credit to stimulate the housing market.

Obama’s Entrepreneur Problem

When the president tapped GE’s Jeffrey Immelt as jobs czar, he again showed a flawed bias for big companies over start-ups. Doug Schoen shows where the jobs are—and how to encourage them.

revised senate bailout pays for: WOOL RESEARCH, RACE TRACKS AND WOODEN ARROWS FOR KIDS! AND IT WILL COST YOU ANOTHER 150 BILLION BUCKS! CALL YOUR REP AND TELL HIM HIS FIRED IF HE VOTED(OR VOTES)YES!1-800-828-0498 & 1-202-224-3121

Question: can I pay my federal income taxes with a credit card?

what methods of payment are accepted by the IRS?

Answer: You can make credit or debit card payments through 3rd party services such as http://www.OfficialPayments.com . There are additional fees for paying this way. The IRS does not yet directly accept credit or debit card payments.

Treasury launches debit card pilot for tax refunds

NEW YORK (AP) — Low-income taxpayers who don’t have bank accounts will be able to get their tax refunds this year on prepaid debit cards supplied by the government, the Treasury Department said Thursday.

Tax Relief for Foreclosed Homeowners – IRS Cancellation of Debt Income

Question: OPINIONS: Traffic and parking Tickets: Are the financial or legal?

I am working on organizing all my documents into a folder structure that will easily let me find anything at later time.

These are some of the folders:

EducationDiplomas
EducationResearch
—————
FinancialBank & CC StatementsCapital 1
FinancialBank & CC StatementsChase
FinancialCredit Reports
FinancialDisputes
FinancialInsurance
FinancialLoans
FinancialPay Stubs2009
FinancialPay Stubs2010
FinancialReceipts & Invoices
FinancialTaxes
—————
FoodMenus
FoodRecipes
—————
LegalAccident InfoMotorcycle Accident 07.09Pictures
LegalAccident InfoMotorcycle Accident 07.09Police Report
LegalTickets
—————
MedicalHealth Insurance
MedicalRecordsHospitalMotorcycle Accident 09
—————
SentimentalCards
SentimentalLetters

So, what do YOU think? What category should parking and traffic tickets go under. Is it a legal document? or financial? If only I can somehow use tags like Gmail…

Answer: Legaltickets – if you are going to pay it

Financialdisputes – if you are going to contest it.

Why file it when you can just pile it?

Do you have to file a tax return?

You must file a federal income tax return if your income is above a certain level, which varies depending on your filing status, age and the type of income you receive.

Tax Tips: Tax Forums – 2010