Lite Reading
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 [...]
New Home Buyer Tax Credit – 2009 Economic Stimulus Package
As per the current news (Feb. 9th 2009), there are provisions in the $827 Billion economic stimulus package proposed by Congress and President Obama, that includes $15,000 tax credit for a first time home buyer. This can give tremendous jolt to the US economy in a positive way and can stimulate home purchases by thousands [...]
USA Retirement Plans Glossary of Terms
IRA: This individual retirement account that is funded with before tax money. That means this is a tax-qualified retirement savings account and it is maintained by employee and is not sponsored or contributed to by an employer. That means you can deduct the amount you contribute from your income giving you tax savings in the [...]
