Identity theft is so prevalent these days. It is too easy to have your social security number stolen. It has actually happened to me. Someone stole my identity and filed a tax return using my social security number. Luckily for me, I caught it early and was able to prevent any major damage to my [...]
Working taxpayers may be eligible for the Making Work Pay tax credit, a significant tax provision of the American Recovery and Reinvestment Act of 2009. This tax credit means more take-home pay for millions of American workers. Here are five things the IRS wants every taxpayer to know about the Making Work Pay tax credit: [...]
Now that tax season is officially over, those who are getting refunds are already making plans for their money. But what about those that have no clue of what to do with their refunds? Well here are some suggestions for you. Build an emergency cash reserve. By far, I think this is one of [...]
Making Work Pay is a new tax credit as part of the American Recovery and Reinvestment Act of 2009. It will give taxpayers a refundable tax credit of up to $400 for single taxpayers and $800 for married taxpayers filing joint returns. The credit is available in 2009 and 2010. Employers will make the necessary [...]
Are you a first time home buyer? Have you taken advantage of the First Time Home Buyer Credit? If not you still have time. First time homebuyers are now eligible to receive a tax credit of up to $7,500 or 10% of the home’s purchase price. This is part of the Housing and Economic Recovery [...]
