Extended Homebuyer Credit

Posted on December 9, 2009 by Leasa Magnuson in Individual Tax

On November 6th President Obama signed a bill extending the first time homebuyer credit. This extension also added a provision for existing homeowners who have owned a home for 5 of the last 8 years to also qualify for a credit. Which makes sense, if the intent of the credit is to stimulate home sales […]

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Making Work Pay Credit

Posted on December 2, 2009 by Leasa Magnuson in Individual Tax

In 2009 President Obama signed a making work pay credit. It was designed to give every taxpayer a $400 credit. Instead of making the taxpayer wait until they filed their tax return, new withholding tables were designed. At the time it seemed like a pretty good idea give each taxpayer a little more to spend […]

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