![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=ad2d54e0-1719-4199-9733-ba78ffc9b4a4)
The New “New” First Time homebuyer credit.
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 is the date when title to the property transfers to the home owner. Image...
March 11th, 2009 by The Tax Man
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=f2e82fb8-1a7f-40e1-ac6a-e897bc2c8841)
Making Work Pay Credit
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 Security taxes. This credit is subject to phase outs as well. The amount...
March 9th, 2009 by The Tax Man
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=9bdbdc3d-7e2b-4add-a345-074839812785)
New Withholding Tables Now Available on IRS.gov; Most Workers Will See Bigger Paychecks this Spring
IR-2009-13, Feb 21, 2009 WASHINGTON ? The Internal Revenue Service today released new withholding tables that will result in more take-home pay this spring for millions of American workers. Image by Getty Images via Daylife The new tables incorporate the new Making Work Pay credit, one of the key tax provisions included in the American Recovery and Reinvestment Act of 2009 that became law earlier...
February 27th, 2009 by The Tax Man
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=ad2b91b1-3e3c-4434-bfde-cdc90fed9a5a)
2008 Savings Bond/Higher Education Expense Exclusion
Modified adjusted gross income phase-out–married, joint, $100,650–$130,650; all other filing status, $67,100–$82,100 Image via Wikipedia a2a_config.linkname="2008 Savings Bond/Higher Education Expense Exclusion"; a2a_config.linkurl="http://besttaxtips.com/2009/02/2008-savings-bondhigher-education-expense-exclusion/"; a2a.init("page");
February 15th, 2009 by The Tax Man
