In short, none of the changes from the 2009 Economic Stimulus Package apply to homes purchased in 2008. Section (f) of the bill states:
(f) EFFECTIVE DATE.-The amendments made by this section shall apply to residences purchased after December 31, 2008.
Basically, for homes purchased in 2008, the credit is still $7,500 and you still have [...]
A couple weeks ago, I bought some 1-oz Silver Buffalo coins on ebay. They were for a relatively good price, and I researched the seller as much as possible to verify that they looked reputable, and everything seemed in order. A day or two after I had bought them, I got an email [...]
Since is appears the stimulus package will now pass, I’m looking at how it will change the first time home buyer credit. At one point, it was supposed to be increased to a $15,000 credit that didn’t require repayment.
With a little bit of searching, I was able to find the Final version [...]
I just heard this short news story on the radio:
It pays to get a good eduction.
Studies show that as the education level of a worker goes up, the more likely they worker is to participate in a retirement savings plan
One, as your education goes up, your more likely to earn more, and second of all, [...]
Line 26 on IRS form 1040 is for an income deduction for moving expenses. According to IRS Form 3903, it is not clear how moving applies to telecommuting jobs. The instructions say:
If you move to a new home because of a new principal
workplace, you may be able to deduct your moving expenses
whether you [...]
One of the companies that I work with sent me a $100 gift card for DonorsChoose.org as a Christmas gift. I had not heard of the website before, but the concept seemed simple enough. Teachers submit projects and then people can donate money to fund them. The company does some validation to ensure that the [...]
