The Federal Tax Credits Blog

Posts Tagged ‘social’

Storm Shelter Tax Credit

Question: Are college application fees eligible for the American Opportunity tax credit?

I currently attend a community college and my family is going to receive the cost of tuition and books there under the American Opportunity credit. This year I also paid $60 each for 4 UC transfer applications, and I want to know whether or not that $240 is also eligible to be credited to us.

Answer: No.

The Student Loan Scam: The Most Oppressive Debt in U.S. History – and How We Can Fight Back $22.95 Alan Collinge never imagined he would become a student loan justice activist. He planned to land a solid job after college, repay his student loan debt, and then simply forget the loans ever existed. Like millions of Americans, however, in spite of working hard, Collinge fell behind on payments and entered a labyrinthine student loan nightmare.High school graduates can no longer put themselves thr…

Developing Affordable Housing: A Practical Guide for Nonprofit Organizations (Wiley Nonprofit Law, Finance and Management Series) $157.00 Over the past fifteen years, the role of nonprofits in developing housing for those with low and moderate incomes has changed dramatically. Once supporting players, community development corporations, tenant associations, and other nonprofit organizations have now assumed the lead, filling the gap left by shrinking government commitment to become the nation’s primary producers of affordable rental…

Revisiting the new markets tax credit.: An article from: The Tax Adviser $9.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on November 1, 2011. The length of the article is 1732 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Revisiting the new markets ta…

New Markets Tax Credit (NMTC) Mapping Tool

Question: Does the “new car” tax credit apply to both used and new cars or just new cars?

Hi, I bought a pre-owned car in April 2009. I know there’s a “new car” tax credit on tax returns for people who bought a new car in 2009, but does that apply to a used car?

Answer: new only it’s another way of getting in debt but i see what you are saying

Quicken 2010 The Official Guide (Quicken Press) $9.99 The Only Official Guide to the #1 Personal Finance Software Manage your finances and assets with ease! Quicken 2010: The Official Guide is packed with insider tips and expert techniques for tracking your income, expenses, savings, transactions, investments, and so much more. Fully endorsed by Intuit, makers of Quicken, this official guide saves you time and money by showing you how t…

All 8 Free Credit Report.com Songs With Lyrics

Question: Did we lose “GREEN” tax deductions in 2008?

I was told by my tax preparer that Bush invalidated all the Energy savings credits before leaving office. Therefore, she could not deduct the $5500 i spent for new windows & new Air-conditioning unit. (a fairly involved affair since i live in a 1-bdrm condo, top/3rd floor)
From where i’m sitting it is inconceivable that someone would take away these credits. Is it really true????

Answer: The energy credits ended with the 2007 tax year. Bush didn’t invalidate them, they just were set to expire like many tax credits do. (Congress makes the tax law, not the president) Congress and Obama renewed the credits for 2009 as part of the massive bail out. If the economy wasn’t down the tube, the credits probably wouldn’t have been renewed.

As for the new windows and new A/C, only the new windows would have helped. A/C is not a qualifying energy credit. The purchase price of the windows would have been reduced to $2,000 and then the credit would have been 10% of that, for a maximum credit of $200. This credit would have been a non refundable credit.

Sorry that you missed out on the $200. If it makes you feel any better, I missed out on the $8,000 new home purchase rebate by 1 month.

The elusive face of anarchism

Portrait of an anarchist: Daniel Kyle Wilson, age 20. In a news photo taken May 1, 2008, he looks like a thrift-store ninja, ski-masked, wrapped in black from head to foot. His shoes are black, with three gray stripes. … Wilson stands in profile. His arm is cocked. His fist clutches a rock. He aims it at the window of the U.S. Bank on Fourth Avenue and Capitol Way. • EDITOR’S COLUMN …

How To Make Home Energy Efficient

Question: Credit scores are at an all time low, is this a sign of recovery?

Housing drops a record 30% across the board in sales, employment is at all time current low (despite fixed numbers), jobs are being lost on a month by month basis in the hundreds of thousands, our government continues to grow bigger and more burdensome, taxes will reach an all time high in 2011, is this the change we should of seen coming?

http://news.yahoo.com/s/ap/20100712/ap_on_bi_ge/us_credit_scores_new_lows

Answer: No it is one more sign that 0bama has brought us to economic collapse with his hopey chagey economic madness

Trader Media East Ld – 1st Quarter Update

Trader Media East Ld – 1st Quarter Update

J.K. Lasser’s Your Income Tax 2012: For Preparing Your 2011 Tax Return $22.95 America’s number one bestselling tax guide offers the best balance of thoroughness, organization, and usabilityFor over half a century, more than 39 million Americans have turned to J.K. Lasser for easy-to-follow, expert advice and guidance on planning and filing their taxes. Written by a team of tax specialists, J.K. Lasser’s Your Income Tax 2012 includes all the outstanding features that have ma…

J.K. Lasser’s Small Business Taxes 2012: Your Complete Guide to a Better Bottom Line $19.95 The tax facts and strategies that every small business owner needs to knowOwning a small business is a big responsibility. While all small business owners seek to improve their bottom line, few realize all the ways that both current and new tax laws can help them do so. With J.K. Lasser?s Small Business Taxes 2012, you?ll quickly discover how. Written in a straightforward and accessible style, thi…

J.K. Lasser’s 1001 Deductions and Tax Breaks 2012: Your Complete Guide to Everything Deductible $19.95 A straightforward guide to taking tax breaks and deductions on your 2011 tax returnCompletely revised to reflect important changes in this year?s tax laws, J.K. Lasser?s 1001 Deductions & Tax Breaks 2012 will help you take advantage of every tax break and deduction that you may be entitled to. This comprehensive guide is clearly organized by subject matter so you can easily find situations that ma…

USUncut & Yes Lab Punk GE into Returning their 2010 Tax Credit