<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Best Tax Tips &#187; Tax Credits</title>
	<atom:link href="http://besttaxtips.com/category/tax-credits/feed/" rel="self" type="application/rss+xml" />
	<link>http://besttaxtips.com</link>
	<description>Individual and Business Tax Articles</description>
	<lastBuildDate>Sun, 21 Mar 2010 09:06:03 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.9.2</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>Seven Tips about Claiming the First-Time Homebuyer Credit</title>
		<link>http://besttaxtips.com/2010/03/seven-tips-about-claiming-the-first-time-homebuyer-credit-2/</link>
		<comments>http://besttaxtips.com/2010/03/seven-tips-about-claiming-the-first-time-homebuyer-credit-2/#comments</comments>
		<pubDate>Thu, 18 Mar 2010 08:56:51 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[First-Time Homebuyer Credit]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=224</guid>
		<description><![CDATA[
			
				
			
		
If you purchased a home in 2009 or early 2010, you may be  eligible to claim the First-Time Homebuyer Credit, whether you are a first-time  homebuyer or a long-time resident purchasing a new home.
Here are seven things to know about claiming the credit:
1. You must buy &#8211; or enter into a binding contract [...]]]></description>
		<wfw:commentRss>http://besttaxtips.com/2010/03/seven-tips-about-claiming-the-first-time-homebuyer-credit-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Seven Tips about Claiming the First-Time Homebuyer Credit</title>
		<link>http://besttaxtips.com/2010/02/seven-tips-about-claiming-the-first-time-homebuyer-credit/</link>
		<comments>http://besttaxtips.com/2010/02/seven-tips-about-claiming-the-first-time-homebuyer-credit/#comments</comments>
		<pubDate>Thu, 11 Feb 2010 17:22:09 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=217</guid>
		<description><![CDATA[
			
				
			
		
If you purchased a home in 2009 or early 2010, you may be  eligible to claim the First-Time Homebuyer Credit, whether you are a first-time  homebuyer or a long-time resident purchasing a new home.
Here are seven things to know about claiming the credit:
1. You must buy &#8211; or enter into a binding contract [...]]]></description>
		<wfw:commentRss>http://besttaxtips.com/2010/02/seven-tips-about-claiming-the-first-time-homebuyer-credit/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Seven things to know about the Government Retiree Credit</title>
		<link>http://besttaxtips.com/2010/02/seven-things-to-know-about-the-government-retiree-credit/</link>
		<comments>http://besttaxtips.com/2010/02/seven-things-to-know-about-the-government-retiree-credit/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 17:34:43 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=202</guid>
		<description><![CDATA[
			
				
			
		
Certain government retirees who receive a government pension or annuity payment in 2009 may be eligible for the Government Retiree Credit. The American Recovery and Reinvestment Act of 2009 provides this one-time credit of $250 for certain federal and state pensioners.

Here are seven things to know about the Government Retiree Credit :


 You can take [...]]]></description>
		<wfw:commentRss>http://besttaxtips.com/2010/02/seven-things-to-know-about-the-government-retiree-credit/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Ten Tax Topics for Taxpayers with Tots and Teens</title>
		<link>http://besttaxtips.com/2010/01/ten-tax-topics-for-taxpayers-with-tots-and-teens/</link>
		<comments>http://besttaxtips.com/2010/01/ten-tax-topics-for-taxpayers-with-tots-and-teens/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 12:01:55 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[Tax Credits]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=192</guid>
		<description><![CDATA[
			
				
			
		
Got Kids? They may have an impact on your tax situation. Listed below are the top 10 things the IRS wants you to consider if you have children.  

       



Image via Wikipedia


 
 


Dependents In most cases, a child can be claimed as a dependent in the year they were born. For more information see IRS Publication 501, Exemptions, [...]]]></description>
		<wfw:commentRss>http://besttaxtips.com/2010/01/ten-tax-topics-for-taxpayers-with-tots-and-teens/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ten Things You Should Know about the Making Work Pay Tax Credit</title>
		<link>http://besttaxtips.com/2010/01/ten-things-you-should-know-about-the-making-work-pay-tax-credit/</link>
		<comments>http://besttaxtips.com/2010/01/ten-things-you-should-know-about-the-making-work-pay-tax-credit/#comments</comments>
		<pubDate>Mon, 25 Jan 2010 15:22:30 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[Tax Credits]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=188</guid>
		<description><![CDATA[
			
				
			
		
Here are 10 things to know about this tax credit to ensure you receive the entire amount for which you are eligible.




Image via Wikipedia





In 2009 and 2010, the Making Work Pay provision provides a refundable tax credit of up to $400 for individuals and up to $800 for married taxpayers filing joint returns.
For taxpayers who [...]]]></description>
		<wfw:commentRss>http://besttaxtips.com/2010/01/ten-things-you-should-know-about-the-making-work-pay-tax-credit/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Cost Basis Complications</title>
		<link>http://besttaxtips.com/2009/10/cost-basis-complications/</link>
		<comments>http://besttaxtips.com/2009/10/cost-basis-complications/#comments</comments>
		<pubDate>Mon, 05 Oct 2009 15:37:02 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[Tax Credits]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Capital gain]]></category>
		<category><![CDATA[Cost basis]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Real estate]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=147</guid>
		<description><![CDATA[
			
				
			
		
You can sell investments held in tax-deferred retirement accounts without worrying about income taxes. But that’s not the case with investments you own outside of tax-deferred accounts. To figure your capital gain or loss on the sale of mutual fund, stock, real estate, and other investments, you have to compare the amount you realize on [...]]]></description>
		<wfw:commentRss>http://besttaxtips.com/2009/10/cost-basis-complications/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tax break for the purchase of new motor vehicles</title>
		<link>http://besttaxtips.com/2009/07/tax-break-for-the-purchase-of-new-motor-vehicles/</link>
		<comments>http://besttaxtips.com/2009/07/tax-break-for-the-purchase-of-new-motor-vehicles/#comments</comments>
		<pubDate>Fri, 10 Jul 2009 09:39:58 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>
		<category><![CDATA[American Recovery and Reinvestment Act of 2009]]></category>
		<category><![CDATA[Internal Revenue Service]]></category>
		<category><![CDATA[Sales tax]]></category>
		<category><![CDATA[Tax deduction]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=133</guid>
		<description><![CDATA[
			
				
			
		
The Internal Revenue Service and Treasury Department announced that a tax break for the purchase of new motor vehicles is available in states that do not have a state sales tax. Under the American Recovery and Reinvestment Act of 2009, taxpayers who buy a new motor vehicle this year are entitled to deduct state or [...]]]></description>
		<wfw:commentRss>http://besttaxtips.com/2009/07/tax-break-for-the-purchase-of-new-motor-vehicles/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The New “New” First Time homebuyer credit.</title>
		<link>http://besttaxtips.com/2009/03/the-new-%e2%80%9cnew%e2%80%9d-first-time-homebuyer-credit/</link>
		<comments>http://besttaxtips.com/2009/03/the-new-%e2%80%9cnew%e2%80%9d-first-time-homebuyer-credit/#comments</comments>
		<pubDate>Wed, 11 Mar 2009 07:00:23 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>
		<category><![CDATA[Adjusted Gross Income]]></category>
		<category><![CDATA[home buyer credit]]></category>
		<category><![CDATA[Owner-occupier]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Tax credit]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=92</guid>
		<description><![CDATA[
			
				
			
		
The President signed new legislation into law last month that allows a first-time homebuyer purchasing a primary residence to be eligible for a tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date [...]]]></description>
		<wfw:commentRss>http://besttaxtips.com/2009/03/the-new-%e2%80%9cnew%e2%80%9d-first-time-homebuyer-credit/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Making Work Pay Credit</title>
		<link>http://besttaxtips.com/2009/03/making-work-pay-credit/</link>
		<comments>http://besttaxtips.com/2009/03/making-work-pay-credit/#comments</comments>
		<pubDate>Mon, 09 Mar 2009 15:40:13 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>
		<category><![CDATA[Adjusted Gross Income]]></category>
		<category><![CDATA[Making Work Pay]]></category>
		<category><![CDATA[Making Work Pay Credit]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=89</guid>
		<description><![CDATA[
			
				
			
		
For 2009 and 2010, most individuals with earned income can claim a refundable Making Work Pay Credit (MWPC of up to $400 ($800 for joint returns).  The Making Work Pay Credit is the lesser of 6.2% of a workers earnings or $400. 




Image by Getty Images via Daylife



The credit effectively eliminates the first $400 of Social [...]]]></description>
		<wfw:commentRss>http://besttaxtips.com/2009/03/making-work-pay-credit/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>2008 Hope and Lifetime Learning Credits</title>
		<link>http://besttaxtips.com/2009/02/2008-hope-and-lifetime-learning-credits/</link>
		<comments>http://besttaxtips.com/2009/02/2008-hope-and-lifetime-learning-credits/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 10:23:47 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=38</guid>
		<description><![CDATA[
			
				
			
		
Phase-out begins at modified adjusted gross income of $96,000 joint return; $48,000 all others. Hope credit, 100% of first $1,200; 50% of next $1,200; maximum credit $1,800.




Image via Wikipedia



 

]]></description>
		<wfw:commentRss>http://besttaxtips.com/2009/02/2008-hope-and-lifetime-learning-credits/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
	</channel>
</rss>
