Good news for existing homeowners! You’ll finally be eligible to take advantage of the home buyer tax credit. When the President signed a bill today to Extend the $8,000 First Time Home Buyer Tax Credit, it also included a provision for existing homeowners, referred to as long-time residents.
To qualify as a long-time resident, you [...]
The $8,000 First Time Home Buyer Tax Credit that was set to expire on November 30 was extended today. The new deadline to take advantage of the first time home buyer credit is to have a signed contract by April 30, 2010 and close on the house by June 30, 2010.
First Time Home Buyer [...]
The tax extension deadline, October 15, is just around the corner. If you filed an extension back in April, your individual tax return is due on Thursday. Helpful tax information to finish your return can be found in The Ultimate Tax Resource Guide.
Extension Tax Returns
To file your tax return, you can use any of [...]
April 15 is driven deeply into our minds. However, for those of you who have side businesses or are newly self employed, it’s easy to forget the dates throughout the year when estimated tax payments are due. I’m guilty of forgetting just last June. So here’s a reminder, for you (and me!) to pay our [...]
Is cash for clunkers taxable? Yes, no, maybe. Even though the Cash for Clunkers program ended, the cash for clunkers tax is generating debate.
The cash for clunkers tax is confusing because people are mixing up three kinds of taxes: federal income tax, state income tax, and state sales tax. On top of that, it would [...]
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