tax season upcomming

Punisher11 · 10-30-2009, 12:35 PM

Home buyers credit: if you bought a home this year, when you file in january you are eligible for a $8000 credit. if you bought it earlier this year, and filed an amendment to your 08 return, congrats you failed on $500, taking home $7500.

if you have a kid up until dec 31, 11:59:59, you may claim said child for the whole year.

I do believe also the standard deductions went up this year, but will get back into it with in a few weeks.

I usually talk to novi about this but i havent seen him in a bit

B18C5er · 11-03-2009, 04:37 PM

Good to hear you guys are getting breaks. Our backards assed gov't decided it would be a good idea to raise taxes, decrease credits and start taxing on things that were previously exempt.

P-SPEC · 11-03-2009, 11:39 PM

Quote:

Originally Posted by Punisher11

Home buyers credit: if you bought a home this year, when you file in january you are eligible for a $8000 credit. if you bought it earlier this year, and filed an amendment to your 08 return, congrats you failed on $500, taking home $7500.

if you have a kid up until dec 31, 11:59:59, you may claim said child for the whole year.

I do believe also the standard deductions went up this year, but will get back into it with in a few weeks.

I usually talk to novi about this but i havent seen him in a bit

IN for $8000 home credit....true/false that it got extended?......also the $7500 credit isn't fully refundable like the $8k credit correct? It's basically just an interest free loan....also you hafta stay in the home for 3 years to keep the full 8k.

FknTkn · 11-05-2009, 02:06 PM

Quote:

Originally Posted by P-SPEC

IN for $8000 home credit....true/false that it got extended?......also the $7500 credit isn't fully refundable like the $8k credit correct? It's basically just an interest free loan....also you hafta stay in the home for 3 years to keep the full 8k.

check a few threads up, I believe you already posted in that thread......but I think the 8 grand is getting extended.

boosted · 11-05-2009, 02:10 PM

Looks to be $6500

10-30-2009, 12:35 PM	#1
Punisher11 Guns Magoo Join Date: Sep 2005 Location: New York Posts: 19,588	tax season upcomming Home buyers credit: if you bought a home this year, when you file in january you are eligible for a $8000 credit. if you bought it earlier this year, and filed an amendment to your 08 return, congrats you failed on $500, taking home $7500. if you have a kid up until dec 31, 11:59:59, you may claim said child for the whole year. I do believe also the standard deductions went up this year, but will get back into it with in a few weeks. I usually talk to novi about this but i havent seen him in a bit __________________ I Put the OK in Overkill Harry: you have to be drunk to fuck a horse? --- FknTkn:this thread has given me so many orgasms its unbelieveable. >>>>>The Award winning, 3x nominated, Greatest Thread in the history of HHU<<< ^^^ ITS IN CONTRIBUTERS NOW, DONATE AND SEE!!! ^^^ *Some people think they can outsmart me. Maybe... sniff... maybe... I've yet to meet one that can outsmart bullet.*

11-03-2009, 04:37 PM	#2
B18C5er Powered By Hopes & Dreams Join Date: Mar 2002 Location: Toronto ON, Canada Posts: 4,572	Good to hear you guys are getting breaks. Our backards assed gov't decided it would be a good idea to raise taxes, decrease credits and start taxing on things that were previously exempt. __________________

11-05-2009, 02:10 PM	#5
boosted Moderator Join Date: Jul 2002 Location: Bangkok, Thailand Posts: 13,537	Looks to be $6500 __________________

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