Posts tagged as:

tax-credit

Hey Kid, Wanna Buy a House?

23 October 2009

Information involving potential fraud with respect to the first time homebuyer’s credit continues to make headlines. After initial reports that over 100,000 refunds were perhaps inappropriately distributed, the IRS has released more data about fraud relating to the credit. Officials from the Internal Revenue Service testified before Congress that as much as $600 million of [...]

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Fix the Tax Code Friday: Tax Credits for Business

26 June 2009

It’s Fix the Tax Code Friday! Over the past few weeks, I’ve reported on a number of industry-specific tax credits offered to businesses, including tax credits for the tech industry and for the movie industry. Reports have been mixed as to whether these credits produce any results. I’m interested to know what individual taxpayers think. [...]

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Fix the Tax Code Friday: Energy Tax Credits

1 May 2009

It’s Fix the Tax Code Friday! This week, I’ve been researching federal energy tax credits for an Earth Day post that I’m writing (yes, I’m aware that Earth Day is long gone – wait for the post, you’ll get it). I’ve been intrigued to see the reactions on both sides of the aisle about tax [...]

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Senate Approves Housing Tax Credit; Not Yet Law

4 February 2009

The Senate voted tonight to approve a tax credit of up to $15,000 to first time homebuyers. The measure is part of the proposed stimulus package and is not yet law. More details and my opinion about the whole shebang on tomorrow.

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Obama Team Finalizing Stimulus Package: Still No Check

23 December 2008

Barack Obama may not yet be in office but his economic team is already plugging away at an economic stimulus package. According to Vice President Elect Joe Biden, the package will include investments in health care, energy, education and infrastructure. The stimulus package has been touted as providing relief for the jobless and the middle [...]

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First Time Home Buyers Are Cry-Babies

19 August 2008

Okay, maybe not all of them. I was a first time home buyer once, too. ** Oh sorry, I just drifted off to a dreamland involving no screaming kids or barking dogs. ** But the latest rounds of criticisms of the Housing and Economic Recovery Act of 2008 have gotten to me. I’ll just say [...]

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What Drives Tax Policy?

5 December 2006

Money, of course.  And what drives money?  Apparently, these days, it seems to be about tax policy.  A catch 22? Toyota seems to think so.  This summer, Toyota hit their production limit of 60,000 for tax credits for buyers.  And it hurt. The $3600 tax credit is only guaranteed to a certain number of buyers [...]

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More Auto Credits

10 April 2006

The IRS announced last week that it has revised its list of automobiles eligible for hybrid tax credits.  In December, the IRS published a list of vehicles eligible for the credit – the new credit applies to vehicles purchased on or after January 1, 2006. Hybrid vehicles which now qualify and their credit amounts are: [...]

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Saying No to Gas Guzzlers May Put More Money in Your Pocket

24 December 2005

In addition to the obvious (gas savings), buying a fuel-efficient car can put more money back into your pocket. Congress has finally gotten its act together and is offering tax breaks for certain vehicles for 2006. Beginning in January 2006, those who purchase eligible vehicles will receive a tax credit, as opposed to a tax [...]

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