Monday, November 23, 2009
First-Time Homebuyer Tax Credit
On the subject of home
ownership, there have been recent adjustments to the First-Time
Homebuyers Tax Credit. This has left many people wondering who is
eligible for the credit. Some key points of eligibility are:
this does not have to be your first home purchase, the deadline
for entering into a contract is now April 30, 2010 with a
closing date of June 30, 2010, and the credit is fully
refundable (you get money back if you don't owe that much in
taxes). For more information, you can follow the link below to
view the IRS specifications.
http://www.irs.gov/newsroom/article/0,,id=204671,00.html?portlet=7
Posted by: Emily Iris @
8:50 AM
Wednesday, November 11, 2009
Getting Ready For The Holidays
With Thanksgiving fast approaching, many of us
are dreaming of a new kitchen to cook our holiday feasts in. If
you are lucky enough to upgrade your kitchen with new
energy-efficient appliances, make sure you save your receipts.
This year, the IRS has increased the energy credit to 30% of
cost, with a $1,500 credit limit. This limit also includes
improving the efficiency of your home by replacing old windows,
insulation, heating systems, etc. This is just one way to "go
green" and save green this holiday season.
Posted by: Emily Iris @
12:41 PM
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