The Federal Tax Credits Blog

Posts Tagged ‘finance’

Question: $8000 tax credit answers?

I bought a house in march 2010, and just got my taxes done and got the 8000 dollar credit. then today, somebody told me i may have to pay that back next year!! is that true? he compaired it to the tax credit you get from buying a new AC unit and that sometimes, they ask you to pay that back the following year. any ideas or inputs? i would really appreciate it.

Answer: As long as you stay in the house for 3 years and continue to use it as a primary residence, you have NOTHING to worry about. Once again, what “somebody” tells you is 100% incorrect.

One Hour Heating & Air Conditioning – HVAC: 7 Steps To HVAC Repair – Lancaster Pennsylvania

Question: 2009 $2500 Tax Credit for college students, can someone explain please?

I am graduating in May 2009 (this year) and I heard about the $2500 tax credit. How does this affect me and will I get any $$ out of this? I am really confused, i keep hearing different explanations! I have taken out private and student loans, work in a work study program, and am a dependent of my parents ( though i’ve paid for college myself). thanks!

Answer: If you aren’t claimed on your parent’s taxes and file your own taxes, you will be able to take the tax credit for 2009. Tax credits are subtracted directly from the tax a family or student owes. You had to have made enough to be taxed $2500 in order to benefit from this credit.

Hope this helps!

“What I Like About My School”: Nonpublic school students speak

EEP100 – Lecture 10

Question: Would you like cash to be abolished?

http://www.bbc.co.uk/news/world-europe-10538032

In this BBC article, it is reported that Sweden is steadily phasing out cash, as more and more people use only debit or credit cards. Ex ABBA member Bjorn Ulvaeus says he sees no practical reasons to have coins or banknotes.

How would you like to live without cash, and what are the pros and cons? What about the chance to cut crime? Some financial crimes may vanish with no cash – certain people don’t want a trail of electronic evidence. We could see what people have earned, so no tax fraud. But what about paying for certain things like the services of tradesmen, taxis, etc. Would you like cash abolished, or is it just madness?

Answer: It would not work.

People in the black economy would switch to using other means or items of value to barter and or exchange, creating more problems than exist already – like prohibition it would create a new criminal industry.

Better to allow the people to choose cashlessness that force it upon them, in time it may well happen, but not yet

Organized Crime in Charge of EU Carbon Trade, Europol Says

Question: Can I get American Oppurtunity Tax Credit even if loans to pay for school were under my parents?

My parents don’t file taxes because they are retired and only recieve social security. I went to school full time I recieved grants and scolarships for part of my tuition and the rest of the tuition was paid for with plus parents loans but since they don’t file taxes do i still report this loans on my taxes. how do i do this?

Answer: universities.atwebpages.com – it provides some tips about applying to US federal and state grants for college students.

School district OKs budget

The Hemet Unified School District’s governing board Tuesday approved a $27.6 million budget for the 2011-12 school year that sees expenses outpacing revenues — a change over the previous year, when the school district had a surplus of $3.2 million.

Arlington Christian School Georgia Tax Redirect Video