|
04 February 2010
The IRS has issued significant policy changes in the 2010 tax season, for the tax preparers in the US, who help About 80 percent American households, in filing a tax return. IRS feels, there is need for raising the competence threshold of the tax preparers.Therefore, there is a need for registration , testing and continued education [...]
Posted in Saving & Investing5 Comments
31 January 2010
American Opportunity Credit Helps Pay for First Four Years of College. Eligible may qualify for max of $2500. Books are eligible for credit/deduction.100 percent credit for first $2000 , 25 percent for next $2000, thus total of $2500. Full credit for modified gross income of $80,000 or less(160,000 for a joint return). Energy Improvements Qualify for Expanded Tax [...]
Posted in Saving & Investing1 Comment
31 January 2010
Eligible taxpayers can use a Federal Education Credit to offset part of the cost of college under the new American opportunity Credit. This credit modifies the existing Hope credit for tax years 2009 and 2010.Credit Helps Pay for First Four Years of College. Tax credits/deductions are now avalable to broader range of tax payers as income guidelines [...]
Posted in Saving & Investing0 Comments
24 January 2010
The Internal Revenue Service along with its partners are making Free File available starting Jan15. Using the software, most taxpayers can have free electronic filing of the federal tax return. This free filing software, makes it easier, to find all the new tax breaks this season, tax credits and deductions they are due. Taxpayers must go [...]
Posted in Saving & Investing2 Comments
20 January 2010
Cobra subsidy eligibility period has been extended upto end of February,according to a release issued by IRS.15 months subsidy is now available for those who qualify. Workers who lose their jobs during January and February may qualify for a 65-percent subsidy on their COBRA health insurance premiums, and these newly-eligible individuals, along with those already receiving [...]
Posted in Saving & Investing1 Comment
18 January 2010
The Internal Revenue Service released on Jan 15, the new form that eligible home buyers need to claim the first-time home buyer credit this tax season and announced processing of those tax returns will begin in mid-February. The IRS also announced new documentation requirements to deter fraud related to the first-time home buyer credit. The new [...]
Posted in Saving & Investing5 Comments
16 January 2010
Dropping Jan temperatures, bring some warmth for the first time home buyers. Full credit is available for married couples filing a joint return whose MAGI (Modified Annual Gross Income) is $150,000 or less and for other taxpayers whose MAGI is $75,000 or less, for purchases on or before Nov 9,2009. For purchases after Nov 9, [...]
Posted in Home, Saving & Investing0 Comments
05 November 2009
As much as i love winters, i hate the energy bills they produce. Here are some tips to bring down your Bills this winter. Use a hot water bottle for your bed when it gets really cold Open the window blinds on the side which is sunny Drink Warm liquids and try lowering the heating temperature Cook at home [...]
Posted in Saving & Investing1 Comment
05 November 2009
We have just two days left to complete the money managing rituals. I sincerely hope all of you would have without fail followed the steps. On the sixth day we are going to turn our attention towards emergency fund. It is quite important to have an emergency fund set up, as you never know what emergency [...]
Posted in Saving & Investing0 Comments
04 November 2009
As a part of American Recovery and Reinvestment Act 2009, the tax credit for non business energy property credit has been increased as a result you would be able to save a lot on tax if you take steps to save energy in your home. In the new law the credit rate has been raised to [...]
Posted in Saving & Investing0 Comments
