stimulus

Obama Jobs Act – 2012 Payroll Tax cuts, Unemployment Extension, Infrastructure Spending and Small Business Incentives

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[Update Sep 2011] – President Obama has revealed details on his new $447 billion Americans Jobs Act and it is pretty much in line with what I had referenced in my earlier update (see below) before his speech. Here are the main things he is proposing that now go to Congress for review and approval: [...]

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Obama’s 2012 Job Creation Stimulus and Tax Cuts – Can the New Economic Plan Really Boost The Economy and Lower Unemployment?

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[Update - American Jobs Act a.k.a 2012 Economic Stimulus] In what is essentially the 2012 stimulus package, President Obama has released details on the American Jobs Act which involves spending over $400 billion dollars to boost economic growth. The key provisions are: – Extension of employee payroll tax cuts into 2012, which were due to [...]

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Updates: Claiming Home Buyer Credit Extension, Small Business Loans and Tax Breaks Plus $250 SSI Payment

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I wanted to provide a few updates on some of the more popular topics on this site given recent developments. You can click on the topic header to get more details. Home Buyer Tax Credit Extension (again) and Claiming It : One of the most popular topics on this site, the many articles I have [...]

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Obama’s New Jobs Stimulus Plan – Small Business Tax Deductions, Bonus Depreciation and National Transportation Projects

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[Update Sep-Oct 2010] Obama’s Small Jobs Bill has been approved and you can find more details in this post. In an effort to provide a sustained job creation program, President Obama called for Congress to approve major upgrades to the nation’s roads, rail lines and runways — part of a six-year plan that would cost [...]

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How To Prepare for Tax Increases Next Year In this Sluggish Economy

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We are more than halfway through 2010 and yet many major economic indicators are still showing the economy is not recovering as many would have hoped. The US economy lost 125,000 jobs in June and new home sales recently dropped about 33% (the most in 40 years), with pending home sales falling another 30% as [...]

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Expiring Bush Tax Cuts and What’s Ahead in 2011 to 2013 for Taxes on Income, Medicare, Capital Gains, Dividends and Estates

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[Update] While Democrats and Republicans alike want to keep the 2001 and 2003 tax reductions for families earning up to $250,000, President Barack Obama and congressional Democrats want to end the break for those who earn more. Republicans, contending a recovery from recession is no time to raise taxes, insist on continuing the Bush-era cuts [...]

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Updates on 2010 Government Tax Credits – Home Buyer Credit Filing Extension, $250 SSI and Medicare Gap Payments, Teacher Credits and Unemployment Insurance

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I have posted updates to a number of articles covering the spectrum of government stimulus funded tax credits and deductions. Here is a summary of the updates with a link to the detailed articles for more detailed information, qualification criteria and latest status. If you haven’t already, join 6000 plus subscribers to get the latest [...]

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American Jobs and Closing Tax Loopholes Act of 2010 (HR 4213) Update – New Tax Breaks, Unemployment Insurance and Home Buyer Credit Extension

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[Update July 2010] – This bill – HR4213 – was passed by Congress and is expected to signed into law by the President. The bill, also known as the American Jobs and Closing Loopholes Act of 2010 originally contained a provision to extend unemployment benefits, as well as a number of expiring tax provisions, which [...]

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Will the Homebuyer Credit be Extended Again Past April 2010? Plus an Update on the $250 SSI Payment

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[Update June 2010] : See this article for the latest news on the September 2010 Filing Extension for the New and Existing Home Buyer Tax Credit ________________________   With the deadline looming for the current home buyer credit that expires in April 2010 (with closing by June 30th 2010), many readers have asked if there is [...]

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2011 and 2012 Earned Income (EITC) and Child Tax Credit Extension – Qualification and Income Limits

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[2012 update] The IRS has officially released 2012 tax details and here are the changes to the Earned Income and Child Tax Credits: – The 2012 Child Tax Credit (CTC) will remain at $3,000, thanks to provisions in the bush-era tax cuts extension. This extension will ensure an ongoing tax cut to 10.5 million lower [...]

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Update on the $250 Social Security Stimulus (SSI) Payment in 2010 for Retirees, Veterans and the Disabled Who Get No COLA Increase

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[Update Dec 2010 - No $250 SSI Payment in 2010] Congress officially nixed a one-time payment of $250 in 2010 to Social Security recipients who haven’t received cost of living adjustments (COLA) since 2008.  The cancellation of a $250 SSI payment in 2010 was justified on the basis of low inflation (see update below). But many seniors are [...]

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Claiming The $8,000 First-Time Homebuyer Tax Credit Extension Approved and Expanded with $6,500 For Existing Home Owners

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[April 2011] See an update to this post here and claiming it in your 2010-2011 tax returns ____________ [Update July 2010] Approved! First-time home buyers now have until Sept. 30 2010 to close on their home purchases and qualify for the $8,000/$6500 tax credit under a new extension bill passed by Congress and signed into [...]

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