Money Today That Matters Tomorrow
[Updated April 2010] With a weakening housing market and impending expiration of the home buyer credit, the Obama administration and Treasury have stepped up efforts to help struggling home owners facing foreclosure, including subsidies for the unemployed and borrowers who owe more than their home is worth. The updated/revised plan …
[Updated following SOU speech] President Barack Obama has proposed a new round of stimulus spending in 2010, focused on middle class families struggling to pay bills and care for their families. The initiatives in the new stimulus package are a product of a middle class task force headed by Vice …
Like me, a good friend of mine recently bought a house after a long and arduous search. In talking with him I thought his journey to buying a house would provide some timely advice for those in the market to buy a house (hurry before the new home buyer credit …
See the latest 2020 economic stimulus measures to tackle the economic fallout from the Coronavirus outbreak. [Updated Jan 2011] : No New Taxes with Tax Extensions Approved. President Obama has now signed into law a bill that covers a temporary extension of all the bush-era tax cuts. The new bill also contains …
Foreclosure filings in the U.S. exceeded 300,000 for the sixth straight month as job losses that boosted the unemployment rate to a 26-year high left many homeowners unable to keep up with their mortgage payments. A total of 358,471 properties, or one in 357 households, received a default or auction …
If you are in the market to buy a new car or just looking for a reason to upgrade your existing car, then you could not have picked a better time than now. Apart from local and foreign automakers desperately cutting prices to stay in business or to revive flagging …
One of the biggest hurdles in buying a home is getting the right financing at the price. This is especially the case in the current market where banks are placing strict criteria, and requiring large down payments to get a conventional home loan. Due to the deep recession, stock market …
Despite median home prices across the nation falling by 14 percent to $169,000, there are emerging signs that the housing market may be stabilizing and reaching a bottom. For new or would-be homeowners, mortgage rates below 5% and all the stimulus tax incentives have made buying a house much more …
[2013 Update] As part of the deal to avert the fiscal cliff, legislated under the American Taxpayer Relief Act (ATRA) of 2012, certain energy tax credits were extended into 2013. You can read this article for an overview of these credits and other 2013 income tax related changes. The$500 tax credit for installing …
Before pulling the trigger on buying your house you need to consider the case for buying now versus waiting for conditions to improve. In current market conditions there is a strong case for either side of the argument. Here’s why you should buy a house this year: The above presents …
What a month! The nearly trillion dollar economic stimulus package was finally approved by Congress and signed into law. The size of the stimulus is truly mind boggling – $787,000,000,000 (9 zeros!) – and works out to about $2,600 per American. To put in perspective, if the stimulus were a …
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 …
This article provides updates, income qualification thresholds and FAQs on previously approved and proposed stimulus checks, also known as Economic Impact payments. While multiple rounds of payments have been made over the last few years, including those claimed via tax returns, many are asking if the government will make another …
[Updated Income Thresholds] The Internal Revenue Service (IRS) recommends that all adults file a tax return. Obviously, the IRS wants to have everyone pay their taxes but it is also an important way for the government to ensure that it pays out subsidies, stimulus payments and tax credits to the …