Homebuyer tax credit extended & expanded
November 15, 2009 by Jennifer Chait
Filed under real-estate, taxes
I’m sure you’ve heard of the $8,000 First-Time Homebuyer Credit – it’s been one of the most buzz-worthy credits of recent years. As of September the tax had benefited more than 1.4 million taxpayers. However, the credit was all set to expire on November 30 which means if you hadn’t found your dream pad, too bad. Luckily due to the huge success of this credit new legislation, the Worker, Homeownership and Business Assistance Act of 2009, was signed into law on November 6, 2009. The new law extends and even expands the first-time homebuyer credit.
The new law stipulates the following… …read more
Are You A Fat Tax Supporter?
September 28, 2009 by Jennifer Chait
Filed under Health & Wellness, food, taxes
Lately I’ve been hearing more and more about the fat tax. A soda tax. An unhealthy food tax. Etc. There have been some concrete suggestions for some sort of unhealthy food tax, but nothing in the U.S. is 100% yet. What I’m wondering is are you on board or not?
Personally I’m on the fence i.e. I haven’t totally made up my mind if a fat tax is a good idea or not, although to be honest I’m leaning toward it being a super idea. I’m not going to discuss that now though, because I have a feeling this post would …read more
Paying Yard Sale Taxes
August 19, 2008 by Jennifer Chait
Filed under Doing it Yourself, finances, taxes
Yesterday I posted, Hold A Better Yard Sale. One thing you may be wondering is if you need to claim the money you make at your sale as income, on this year’s taxes.
Being a freelancer, I can tell you that no, most likely you won’t need to claim any of the money you make from your yard sale. The reason is because income is considered on-going (in a way); at least when it comes to sales of smaller goods and reasonable services.
For example, if you hold one yard sale in the summer, even one where you sell a microwave for …read more
