| Posted: 05 Apr 2009 19:22 | ||
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Posts: 11 Join Date: Feb 2009 |
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There are several new tax credits available for 2009, or modifications to old credits.
Making Work Pay Credit: Employees will see this in their paycheck beginning in April of 2009. It is designed to give an extra 400.00 for the year to single taxpayers and 800.00 for married taxpayers. Retirees and Disabled Individuals: They will recieve a 250.00 check on a one time basis. It is not necessary to file a tax return to receive the check. First Time Homebuyer Credit: $8000.00 refundable credit that does not have to be paid back. Energy Property Credit: Up to $1500.00 for qualifyingresidential energy improvements. (windows, doors,energy efficient furnaces, air conditioners, heat pump etc.) Hope Credit for Education: It now applies to the first 4 years of college. It is now 40% refundable. |
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