Money Today That Matters Tomorrow
Biden $15,000 Home Buyer Credit? President Biden’s housing agenda includes a proposal for a $15,000 first-time homebuyer tax credit. This is similar to the home credit provided over 10 years ago under President Obama (details below). The difference is that this credit is to help American’s deal with home affordability vs the original …
See this updated article for the latest program information on Food Stamp (SNAP) benefits and eligibility levels [Updated August 2011] The Federal Food Stamp Program is now known as the Supplemental Nutrition Assistance Program (SNAP). With the stimulus aspects of this program set to expire at the end of this year following the debt …
President Joe Biden’s $1.9 trillion stimulus proposal called the American Rescue Plan (ARP) has now been passed in Congress. It contains several provisions to help small business, local governments and low and middle class households. This includes additional economic impact payments (a.k.a stimulus checks) and a further extension of unemployment benefits. You can see …
Under the Inflation Reduction Act (IRA), a $7,500 EV Tax Credit Extension was funded. This would be available for single filers making less than $150K a year, or $300K for joint filers. There is a cap on the price of eligible vehicles at $55,000 for eligible new cars and $80,000 …
The answer is No. According to the IRS website – “The (Stimulus Check) Payment is not income and you will not owe tax on your Payment. It will not reduce your refund or increase the amount you owe when you file your 2020 tax return next year. The will not …