The Federal Tax Credits Blog

Posts Tagged ‘politics’

Numerous credits reward taxpayers with savings

While both tax deductions and tax credits can save you money, a credit is more beneficial because it is a dollar-for-dollar reduction of the tax itself.

Question: I’m on disability soc.sec. and a law firm is suing me for a credit card I owe on?

I know there is a federal law that protects soc.sec. receiprents. I just can’t find it. It says nobody may touch soc.sec. money but the gov. for taxes and child support. Does anyone know where to find this law? Also if I’m sued and they win, and I’m on disability can they take any money from me. I need all of it to live on

Answer: the only garnishments on ssi or ssid that can be done are for student loans and child support. go to

www.ssa.gov or calll them at 1800 772 1213.

i have been a rep payee to two ppl for over 25 yrs.

i know someone who was sued but the income cannot be touched.

they can get a judgment but then they have 7 yrs to collect and they cannot collect on your income.

Ritter rejects tax amnesty for land credits

DENVER – Gov. Bill Ritter will oppose any legislation to grant amnesty to hundreds of Coloradans whose tax credits for conservation easements are being challenged by federal and state authorities. Ritter’s chief counsel, Trey Rogers, said the disputed credits total $100 million – money the state needs with a $1.5 billion budget deficit. Instead, the administration wants to settle each case …

Up To $8,000 in Federal Tax Credits

More Health Care Pages

As the President, the House Speaker, and the Senate-Majority Leader continue closed-door negotiations on a final health care reform bill, they should reacquaint themselves with the crippling impact the employer mandate penalties would impose on small businesses.

Harry Reid’s 2074 page Health Bill

During the month of January 2009, I was prepared to purchase a converter box for my older television. I applied for the $40 government-issued coupon in October via the Internet, and received my coupon in the mail, three weeks later. I ran across an advertisement from a local drugstore that advertised a 2-day sale for a digital to analog broadcast converter with remote control. The advertisement stated, “Present your drugstore discount card, along with your $40 government-issued coupon and receive the converter box free.”

Well, I couldn’t pass up this bargain and called the drugstore that advertised the sale. A customer service representative informed me that their store did not have any converter boxes in stock, but expected a shipment in a few days. I called another drugstore and again, I was told that they no longer had any converter boxes in stock. In fact, I telephoned several drugstores, and learned that there is a nation-wide shortage of converter boxes for sale and no one knows for sure, when their shipments are due to arrive.

I fretted over the fact that the expiration date on my $40 government-issued coupon was due to expire on the last day of January. So, I decided to visit the drugstore and inquired about the converter boxes. Since the converter boxes were not in stock, I requested a rain check. So, I searched the Internet for more information, pertaining to updates regarding digital TV. I learned that the Senate voted unanimously to postpone the upcoming transition from analog to digital television broadcasting by four months to June 12, 2009. Nearly 6.5 million households still are not ready, and the government voucher program to buy a converter box ran out of money. The Public Broadcasting Service estimates that delaying the digital TV transition to June 12th would cost public broadcasters $22 million.

Democrats in Congress pushed for a delay, due to growing concerns that too many Americans won’t be ready for the scheduled February 17th changeover. The National Telecommunications and Information Administration are sending out new coupons only as older, unredeemed ones expire and free up more money. The NTIA has approximately 2.6 million coupon requests on a waiting list. I later learned that the house defeated the bill that would have pushed back the transition until June and the transition date was set to remain for February 17, 2009. I began to worry because I cannot afford to purchase a converter box before February 17th. Unfortunately, I am not a subscriber to cable or satellite TV or own a television with a digital tuner.

On February 2, 2009, I was overjoyed when I read the latest news updates and the DTV Delay Bill is expected to pass. The transition will be delayed until June 12, 2009. The Senate has approved a revised piece of legislation and the bill will make it to President Obama’s desk by the end of this week. The House is seeking a majority versus two-thirds vote to secure passage.

Senate weighs job creation vs. debt in bill

When the Senate takes up a jobs bill later this month or early in February, the debate will center on whether it really will create jobs and be worth plunging the government tens of billions of dollars further into debt. Republicans scoff at the “Jobs for Main Street Act” title that House Democrats put on their $174 billion package last month. They refer to it as “son of the stimulus,” the $787 …

Hastings Pushes for Rural School Payments/Sales Tax Fairness

Colo. Housing Agencies Lag In Stimulus Spending
Colorado’s public housing agencies are lagging behind their counterparts nationally in spending federal stimulus money. According to the federal Government Accountability Office, Colorado’s 43 agencies had only spent $2.8 million of their nearly $18 million in regular stimulus funding as of November. Agencies can also apply for additional competitive grants. The GAO said the Denver Housing …