The Federal Tax Credits Blog

Posts Tagged ‘tax’

Capella University is well known for providing quality higher education to adults and is launching two new online degree programs and three new specializations. Capella University announced that it is now offering a Bachelor of Science in Nursing (BSN), Bachelor of Science in Psychology, Master of Public Health (MPH) degree which replaces its Master of Science in Public Health program, and three concentrations that can be completed as part of selected public service degree programs: Security Management at the Bachelor level and Homeland Security and Public Health at the graduate level.

Growing Demand for Bachelor-prepared Nurses

The National Advisory Council on Nurse Education and Practice requires that a minimum of two-thirds of the nurses hold baccalaureate of higher degrees. Capella University new online Bachelor of Science in Nursing, RN to BSN Degree Completion specialization offers RNs the flexibility to complete their BSN degree online with ease. Online degree program at Capella University incorporates the essentials of baccalaureate education for professional nursing practice established by the American Association of Colleges of Nursing (AACN).

BS/MS in Psychology Option Saves Time and Money

Capella University is now offering a combined BS/MS in Psychology option. After completing at least 100 undergraduate credits, eligible BS in Psychology students can begin to earn their master level credits which can be used toward completing the BS in Psychology. These master level credits may also be applied towards a MS in Psychology degree. Over $4,500 can be saved if each degree is purchased separately and the time required to complete the MS is shorter.

Online MPH Addresses Impending Shortage of Public Health Workers

According to the Partnership for Public Service’s recent report, “Where the Jobs Are 2009: Mission-Critical Opportunities for America,” the biggest demand for government workers will be in the area of medical and public health, where more than 54,000 jobs will need to be filled in the next three years. Similar needs have been projected at other levels of government and in the private sector.

To help meet that need, Capella University is offering a Master of Public Health degree program with three specializations: a new specialization in General Public Health; and two specializations, Health Management and Policy; and Social and Behavioral Sciences, previously offered as part of MS in Public Health degree.

Concentrations Provide Cost-effective Opportunity to Add Area of Focus to Degree

Capella University is now providing students in selected public service degree programs and specializations the option to add a concentration in Public Health or Homeland Security (at the graduate level), or Security Management (at the bachelor level). The concentrations consist of three online courses at the graduate level or five courses at the Bachelor level. In many instances, students can use their electives to complete these courses and add a concentration for little or no additional time or money.

Tax approvals, Enterprise Zone designation are among major accomplishments during 2009

With 2009 coming to an end, the staff at the Saint James Press thought it was appropriate to take a look back at some of the most important news stories of the past year (or nine months in our case since we published our first newspaper on April 2). So here are what we feel are the top 10 stories, in no particular order.

Tax Breaks for Your Education Expenses

Question: is there a tax credit on the medical part of 2007 tax form for buying a car to accommodate a wheelchair?

Answer: Just as an automobile does not qualify for a deduction for non-handicapped taxpayers…you’ll not be able to deduct the entire cost of the car simply because one is required to use a wheelchair.

If, however, you had to outfit the car with special features to accomodate your handicap (hand controls, lift gate, special door), those additional expenses would be deductible to the extent your total medical expenses exceed 7.5% of your adjusted gross income. Not the whole car…just the additional expenses to permit it’s use by one who is medically handicapped.

Hope this helps.

Hospitals Welcome First Baby Of 2010 and Last Baby 2009

If you had the choice, would you like the attention that comes with delivering the first baby of the new year or the tax break that accompanies a last minute 2009 newborn? Kathryn and David Dobbs of St. Louis claimed the “first” baby title when their son arrived Friday, New Year’s Day at 12:05 am at SSM St. Mary’s Health Center in Richmond Heights. The yet to be named seven pounder joins two and …

Tax Deduction Tips : Types of Medical Expense Tax Deductions

Question: What do you think of Republicans screewing us again for big oil companies?

The tax changes would have channeled $11 billion over 10 years into development of renewable fuels such as ethanol, biodiesel and power from wind turbines. It provides an additional $18 billion in other tax breaks — from tax credits to clean and renewable energy bonds — to support improvements in energy efficiency, clean coal technology, development of gas-electric hybrid cars that could be plugged into the national power grid and other alternative energy programs.

Major oil companies would have paid most of the tab.

REPUBLICANS REJECTED THE CHANGE AGAINST DEMOCRATS 57YES-34-NO VOTES….60 VOTES NEEDED TO PASS

Answer: The first thing that should pop into any sensible person’s head when the Dem’s want to tax the oil companies is higher gas prices. Why do they not reduce the state and federal taxes on gasoline? You also (evidently) are not old enough to buy your own food, ethanol (a hoax) is driving the food prices up. Food is rising faster than gasoline.

Leader Short Term Bond Fund (LCCMX) Declares Capital Gain Distribution

PORTLAND, Ore.—-The Leader Short Term Bond Fund announced a short term capital gain distribution of $0.10 per share on December 28th, 2009 to shareholders.

MeltDown #628 EMERGENCY ECONOMIC STABILIZATION

Question: HIGHER Education Tax Credit-Economic Recovery Plan?

Higher-education tax credits that will be included in the American Recovery and Reinvestment Plan (H.R. 598). The “American Opportunity” tax credit.

I’ve called the numbers provided from the IRS and have not made any progress. I know what the tax credit is but I dont know how to find a form or figure out how much I could receive. Does anyone know what to do? This would help me out a lot with school.

Answer: The form should still be 8863 but we won’t get the form details until late this year. In the mean time, here are details of the change:

“The American Opportunity Credit is not available on the 2008 returns taxpayers are filing during 2009. The new credit modifies the existing Hope Credit for tax years 2009 and 2010, making the Hope Credit available to a broader range of taxpayers, including many with higher incomes and those who owe no tax. It also adds required course materials to the list of qualifying expenses and allows the credit to be claimed for four post-secondary education years instead of two. Many of those eligible will qualify for the maximum annual credit of $2,500 per student.

The full credit is available to individuals whose modified adjusted gross income is $80,000 or less, or $160,000 or less for married couples filing a joint return. The credit is phased out for taxpayers with incomes above these levels. These income limits are higher than under the existing Hope and Lifetime Learning Credits.”

Five signs to measure economic recovery in 2010

Economic recovery in 2010 is likely to fall short on job growth. But higher jobless figures might not be a bad thing – if it signals people are looking for jobs again.

Builders Call For Housing Reform And Economic Recovery

Question: What are the details on the Ford tax credit?

Does anyone know what is going on with the tax credit being offered by the Feds for Ford? I met with 4 dealers over the week looking to by the 2010 Ford Fusion hybrid; the dealers are claiming the vehicles are at least two weeks out. One of the dealers confirmed that they had sold one 2010 Fusion to the City Mayor. But I see a timing issue with the end date on the tax credit and the date in which the vehicles will actually be available. Am I the only one seeing this or do I just not have a good understanding on how the credit is applied? Any insight on this would be much appreciated.

Ford Tax Credit Info can be found here:

http://www.fordvehicles.com/features/news/detail/index.asp?id=1714

Answer: If you purchase a qualified hybrid vehicle during 2009, you will be able to take a credit on your 2009 taxes. Honda and Toyota no longer have the credit because they have sold too many vehicles since the beginning of the credit. Talk to a tax advisor for the exact amount that you will be able to take next year.

Port Orchard continued to reinvent itself during 2009

Port Orchard Mayor Lary Coppola said the town was no longer “a red-headed stepchild,” and would soon make its mark as the best place in Kitsap to live or start a business.

2010 MB S Class – MB S400 Hybrid qualifies for $1,150 tax credit