Yesterday we held a live Q&A chat on our Facebook Wall with Bob Meighan, CPA and VP of TurboTax, about the Homebuyer Credit on the TurboTax Facebook Page. Below, we summarize TurboTax Facebook Fan questions and answers by Bob. In...
There’s been a lot of talk – and confusion — about the homebuyer credit. Part of the confusion can be attributed to the fact that Congress made at least 3 major changes to the homebuyer credit over the last couple...
Earlier this month, Congress and the President created a new law that extended and expanded the $8,000 tax credit for homebuyers. If you’re in the market for a house and you’re counting on this tax benefit, you no longer need...
Time is running out for you to take advantage of the tax incentives provided by the American Recovery and Reinvestment Act (ARRA). The ARRA (or stimulus package) was unleashed on our down economy in February of 2009. Regardless of your...
The IRS has made changes to the first-time homebuyer tax credit for tax year 2009. Click here to read the updated post. Don’t dawdle if you hoping to take advantage of the $8,000 First-Time Homebuyer Tax Credit . To...
The IRS has made changes to the first-time homebuyer tax credit for tax year 2009. Click here to read the updated post. You’ve probably heard of the First-Time Homebuyer Tax Credit, a popular tax break that’s part of the 2009...
It’s all over the news. If you buy a home between January 1, 2009 and December 1, 2009, you could qualify for a big homebuyer tax credit. It’s worth as much as $8,000 or 10 % of your home purchase...
After President Obama signed the new stimulus act into law Feb. 17, a long-time friend, Brian, called me. He wanted to know, “What’s the maximum I can get out of those new tax breaks on my 2009 tax return?” I...
If you didn’t get a tax stimulus payment in 2008, or only a partial payment based on your 2007 income, you could qualify for one in 2009. You get a do-over using your 2008 income to qualify. Some people weren’t able...
You might not realize it, but the big bailout bill for the U.S. financial system also contained some goodies for the average taxpayer. Congress added them as “sweeteners” to help the legislation go down smoothly with disgruntled constituents. Taxpayers can...
