Overview of the First-Time Homebuyer Credit
In a previous post, I ruminated about what type of person was in a good position to take advantage of some of the financial incentives the government was offering. Things have changed a lot since...
View ArticleMaking Work Pay
I’ve been wandering around the area of the IRS site dedicated to the American Recovery and Reinvestment Act of 2009 again, and thought I’d highlight some of the provisions that are less popular and...
View ArticleLoans for the First-Time Homebuyer Tax Credit
The Federal Housing Administration today released a plan by which first-time homebuyers can take advantage of the previously announced $8,000 tax credit by obtaining a short-term loan to apply the...
View ArticleIRS announces that 401k contribution limits will remain unchanged
After concern that the limits may actually be lowered, the IRS today announced that pension plan contribution limits will remain level with 2009. The specter of a downward adjustment arose because...
View ArticleFirst-Time Homebuyer Credit Extension
Last Friday saw the signing into law of the much-anticipated extension to the First-Time Homebuyer Tax Credit, called The Worker, Homeownership, and Business Assistance Act of 2009. I’ll summarize the...
View ArticleModel your tax refund for 2009
I recently investigated a couple of tools that allow you to model your tax return for 2009 to get a ballpark feel for what your refund or obligation will be. One tool is offered by Intuit's TurboTax....
View ArticleDividend Taxes – What’s in store for 2011?
A key question looming on the minds of dividend investors and the stock market in general surrounds the taxation of dividends in 2011. By way of context, dividends are taxed at the corporate level –...
View ArticleNon-deductible IRA Contributions
I wanted to point out this excellent post about non-deductible IRA contributions for two reasons. The first is that it's valuable information that meets the common sense test. The second reason is...
View ArticleWhat does the new tax law mean to you?
It started as a straightforward decision to either extend the existing tax framework that has been in place since 2003 or revert back to the schedule that was in place prior to that. Existing law...
View ArticleWorst Tax States for Retirees
I'm not suggesting that taxes are or should be the only consideration when choosing a location for retirement. In fact, I'd wager that most retirees land right where they've worked in the years...
View Article
