General
$8000 Tax Credit For Home Buyers
As part of the American Recovery and Reinvestment Act of 2009, new home owners may be able to get a $8,000 tax credit if they qualify. The tax credit is worth $8,000, or 10% of the home value, whichever is lower. Qualifications include:
You must be a first time home buyer
You must purchase by April 30, [...]
President Obama’s Homeowner Affordability and Stability Plan
What is the tax benefit that you might have from this plan?
This Stability Plan is part of the President’s comprehensive strategy to get the economy back on track. The plan will help many home owners restructure their home mortgages and avoid foreclosure or help save money on their mortgage. Every MORTGAGEE should try and [...]
American Recovery and Reinvestment Act of 2009
Past week Congress had passed $827B stimulus package and then Senate followed suite with the modified bipartisan bill of $787B. On Feb 13th 2009 Congress made further changes and modifications and passed $787B bill with the majority voting 246-183. Now it will go back to Senate for a final approval and it is hoped to [...]
Hello!
Welcome to Free Tax Advisor. We are here to help you with useful advice and tips for your federal tax return. If you have any questions, please don’t hesitate to comment in any comment box on our website. We hope that this advice will be very useful when you file your return in April!
