The Federal Tax Credits Blog

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Question: I received money from a QDRO/divorce. I used $20,000 of this for downpayment on primary residence. Tax credit?

I paid taxes on the entire amount and then paid the $20,000 downpayment on my new residence/primary residence. If there is a credit or something for this, what form/s would I use and where could I find more information on this?
Thanks!

Answer: In USA, you don’t get a tax credit for putting money down on a house – only for mortgage interest and real estate taxes once you begin making mortgage payments and you’ll get a 1098 form showing how much you can claim each year

Michigan’s primary land-use plan a failure (Viewpoint on public issues) …

Capitol Report looks at tax credit and exemption task force, primary care physician shortage

Builders Push ‘Green’ to Stand Out in Foreclosure-Filled Market

In the 20 years Ron Betenbough’s company has been building homes in west Texas, he’s always been willing to compete on price. Now, in a market crowded with cheap properties, he’s also touting environmentally friendly construction and energy-saving features.

23. Renewable Energy Policies

Market overview: FTSE 100 finishes down 34

1630: Close It was a dull finish for the Footsie as losses in the utilities and banking sectors offset strong gains for telecommunications stocks. Centrica led the fallers after saying it expects profits …

66Talking ED – New Market Tax Credit v2.mov

Full text of President Obama’s State of the Union speech

The following is the full text of President Barack Obama’s State of the Union speech to Congress as released by the White House before delivery: Mr. Speaker, Mr. Vice President, Members of Congress, distinguished guests, and fellow Americans: Tonight I want to begin by congratulating the men and women of the 112th Congress, as well as your new Speaker, John Boehner. And as we mark this occasion …

Superior Windows & Doors – Rose Garden

Question: Are replacement windows installed in 2008 eligible for energy saving tax credits?

I replaced all the windows in my home in early 2008. Are these improvements eligible for a tax credit? And if so, what documents do I need to provide with my tax return, if any?

Answer: Congress let the replacement window tax credit lapse in 2008. Only windows installed in 2006-2007 qualified, and in February they passed a new, bigger credit for 2009 and 2010. But Congress didn’t go back and help out everyone, like you, who replaced their windows last year. They really dropped the ball on this one.

Seven Tax-saving Year-end Tax Planning Ideas for Individuals

U.S.A.–(Marketwire – 12/05/10) – ?Thomson Reuters Tax Analyst offers tips to consider before year’s end Despite ?confusion created by recent and probable year-end tax legislation changes, the 2010 federal income tax environment is still quite favorable, noted Robin Christian, senior tax analyst for the Tax & Accounting Business of Thomson Reuters. “However, we may not be able to say that after …

How To Reduce Your Home Heating Costs