Part of President Obama’s economic stimulus package included a tax credit called “Making Work Pay.” Great in concept. But, but, but, it could lead to over 15 million taxpayers owing additional taxes. This was spelled out in a recent government report by the Inspector General for Tax Administration. The Making Work Pay Tax Credit, which [...]
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After much debate and discussion, the Homebuyers’ Tax Credit has officially been extended to April 30, 2010. The housing tax credit extends the $8,000 tax credit for home buyers who are purchasing their first home from the current November 30 deadline until April 30, 2010. It also expands the program to offer a credit of [...]
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