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Free Tax Advisor
http://www.freetaxadvisor.com
Providing Free Tax advice for the public and exchanging thoughts regarding all types of tax savings and 1040 tax filings for April 15th. Income tax filing for Federal or state taxes, real estate taxes, retirement savings tips for 401K or IRA or Roth IRA.
Recent Posts
$8000 Tax Credit For Home Buyers
As part of the American Recovery and Reinvestment Act of 2009, new home owners may be able to get a $8,000 tax credit if they qualify. The tax credit is worth $8,000, or 10% of the home value, whichever is lower. Qualifications include: You must be ...
President Obama’s Homeowner Affordability and Stability Plan
What is the tax benefit that you might have from this plan? This Stability Plan is part of the President’s comprehensive strategy to get the economy back on track. The plan will help many home owners restructure their home mortgages and avoid for...
American Recovery and Reinvestment Act of 2009
Past week Congress had passed $827B stimulus package and then Senate followed suite with the modified bipartisan bill of $787B. On Feb 13th 2009 Congress made further changes and modifications and passed $787B bill with the majority voting 246-183. N...
New Home Buyer Tax Credit – 2009 Economic Stimulus Package
As per the current news (Feb. 9th 2009), there are provisions in the $827 Billion economic stimulus package proposed by Congress and President Obama, that includes $15,000 tax credit for a first time home buyer. This can give tremendous jolt to the U...
2008 Federal Income Tax Changes
There are many changes in the 2008 tax filing, here are some important one discussed. You must refer to IRS publication if you need more detail. Hopefully this will serve as a guideline for you to pick one that applies to you. · First-time homebuye...
Earned Income Credit (EIC) Tax Information
The earned income credit, also known as the EIC, is a very important tax credit to accept in your federal tax return if you qualify for it. The EIC will help you to reduce the amount of money you owe in taxes or give you a bigger refund. However, it ...

