The Federal Tax Credits Blog

Posts Tagged ‘home’

Question: How can I claim the HOPE tax credit for college?

I am working on my taxes via Turbo-Tax, and I am having a hard time finding where I can claim this. Do I need a form from the school? I am new to this type of credit and I want to make sure I get it correct. Any help would be appreciated. Serious answers only, no smart alecks please

Answer: You should have received a form 1098-T from your school. If you haven’t received it yet, you’re going to have to wait to fill out your taxes.

(TurboTax will be able to take the information you give them from that form and determine whether it will work out better for you to use the Hope Credit or the new American Opportunity Credit.)

Tax time countdown

The Internal Revenue Service is reminding taxpayers that they have two weeks until the April 18 filing deadline and that they can use IRS Free File to do their taxes or file an extension.

Chapter 7 Bankruptcy

Filing Taxes Online at the Last Minute? Don’t Compromise Your Personal Information

Tips on Keeping Your Identity Secure While Filing Online From Home or on the Road

Home Buyer Tax Credit….

Tips & Trends for Home and Garden

a Bay Weekly exclusive Accessorize Affordably     Great style does not have to equate to big dollars. Keep a current issue of Bay Weekly on hand for monthly savings coupons. read more

Sale! Insulated Double Pane Glass Windows from Mr. Rogers Windows and Doors

Question: What is the new tax credit you get for buying a car?

What are the details of how much you get back in tax money for buying a new car this year.

Answer: 1) You must buy a new car (not used/pre-owned) before December 31, 2009.

2) You get the tax deduction on the taxes paid on a new car up to a retail price of $49,500 (you have to eliminate the sales tax on the portion over $49,500).

3) You must make less than $125,000 for an individual or $250,000 for a family – at which point the deduction begins to phase out and reaches zero at $135,000 and $270,000 respectively.

4) You will receive the credit when you file your 2009 taxes (before April 2010).

Harper says he won’t revisit abortion, gay marriage

Prime Minister Stephen Harper said a majority Conservative government would not move to ban abortions or gay marriage.

1/26/10 Governor Quinn Announces 1200 New Jobs At Illinois-based Ford Motor Co. Plants

Metro New Orleans area community meetings for Wednesday, March 30

These government and community meetings are open to the public. To have meetings considered for inclusion, send an e-mail to citydesk@tpmail.com with “Meetings” in the subject line or send a fax to 504.826.3007. CONVENTION CENTER LOOP STREETCAR MEETING Today, 2-4…

Bill Bell Explains the Tax Credit for Purchasing a new Heating and Air Conditioning System