What Exactly Is This 8,000 Dollar Tax Credit?}

Filed under: Tax Specialist — Admin @ 3:40 pm, April 1, 2022.

Submitted by: Jamie Mades

I know that a lot of people out there think that this 8000 dollar credit is just too good to be true. Or even just have many questions and concerns about it. So my goal is to help you understand what it is and how it works in as many ways as possible! To those of you that are interested in buying your first home this tax credit can be an amazing help! How does it work? Thats simple! If you are a first time home buyer (or if you havent owned a home in the past three years) and purchase a house over 80,000 dollars you can get the full 8,000 dollar credit.

Whats the limit for your purchase price? Now lets say for example you purchase a house under the 80,000 you are still eligible to receive up to 10% back of the purchase price! So the maximum amount of a credit will be 8,000 and if it is lower than the 80,000 dollar limit you earn 10% of the purchase price from there.

How can this credit be used? However you want. Lets say you decide to buy a fixer upper. Why not throw all that money into your home to increase the value on it. Throwing that money into your home is not throwing money away, its basically like putting that money back into your pocket. Even though there are no rules on how to spend it, why not invest?

[youtube]http://www.youtube.com/watch?v=fYWjGT95JTY[/youtube]

Are there income limits to this tax credit? If you are single, you can earn up to 75,000. If you are married, then you can earn up to 150,000 dollars. If you are single, and earn more than 75,000, then the amount of the credit goes down until it finally reaches nothing at 95,000. If you are married and make over 150,000 then the credit turns into nothing at 170,000.

What to do in order to get this credit? In order to get this credit, you first close on your home and then you file a form with the IRS. You can either do this on your next tax return OR you can file an amended return on your 2008 taxes and get your check with in just a few weeks!

Can you use the credit as a down payment? If you want to buy a home and only have a little bit of money for the down payment, you can now use the 8,000 credit towards the down payment! You will still need to put down a small percentage out of your own out of pocket, because they will not allow the 8,000 to be the only money you put down. Check with your lender to see how much you would need to put down, without touching the 8,000 dollar tax credit.

Now that you know how it works you need to get busy! All the documents and closing on your home must be dated before December first as the deadline to the credit is November 30th!It usually 30 days to close on a home once you find one, and you dont know how long it will take to find your home! Its not too late! So hurry and give Jamie Mades a call so we can get moving towards your 8,000 tax credit!

Conclusion:

If you are interested in buying a home, and youre either a first time buyer, or have not owned a home in the past three years you are eligible for the 8,000 tax credit! So why wait? Take advantage of this great opportunity, call and get information on this today!

About the Author: Jamie Mades is a Realtor in Colorado Springs specializing in residential real estate and relocation services. He is also founder and owner of Colorado Springs Team Real Estate, Inc.http://coloradospringsteam.com located at 1283 Kelly Johnson Blvd, Colorado Springs, CO 80920. You can learn more about Colorado Springs Relocation services at

coloradospringsteam.com/relocation/military.php

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Charity Donation A Noble Endeavour Paired With Tax Benefits}

Filed under: Tax Specialist — Admin @ 3:37 pm, July 26, 2021.

Charity donation A Noble Endeavour Paired with Tax Benefits

by

Akshaya patra

The financial year-end is around the corner an event that causes much anxiety to a majority of us. Why not round it off with a noble deed that will benefit you in more ways than one! Were talking about charity donation. Giving back to society is one of the best ways of expressing your gratefulness for all that you have received and share some of your good fortune with those who are in need of assistance to better their lives. This is the perfect time to make that essential difference to the lives of your young friends who are beneficiaries of The Akshaya Patra Foundation. Its Mid-Day Meal Programme ensures that over 1.6 million children across India stay away from classroom hunger, with a nutritious, wholesome, unlimited school lunch every day. You can avail tax exemption with your valuable contribution to the cause of unlimited food for education.

The NGO role in India is one of vital support to the government in helping fight the pressing challenges facing the country. Akshaya Patra too fulfills its role in social betterment, in partnership with State and Central governments in India. A donation made to the organisation brings it a step closer to achieving its important mission of feeding 5 million children by 2020. It also helps you avail tax exemption in India, as Akshaya Patra is registered under section 35AC of the Income Tax Act 1961. Therefore, every donation upwards of Rs 500 is eligible for 100% tax exemption under Section 80GGA.

[youtube]http://www.youtube.com/watch?v=7WriQkGQErI[/youtube]

In a bid to scale up its efforts to feed a larger number of children across the country, Akshaya Patra needs the collective support of all of you urgently. The Foundation has undertaken ambitious efforts to expand its reach across India. In December 2016, we laid the foundation of our first high-tech mega kitchen in Telangana at Khandi. Once operational, this kitchen will feed over 1,00,000 children in the region from the next academic year. In the same month, the Foundation also initiated the process of setting up 11 new kitchens in Uttar Pradesh. These kitchens will be established in the districts of Varanasi, Ghaziabad, Agra, Allahabad, Kanpur, Etawah, Kannauj, Ambedkar Nagar, Azamgarh, Rampur and Ballia. This will take the number of Akshaya Patras beneficiary children in the state to 13 lakh, from the current 2,11,680. This will lead to an increase of a whopping 10,88,320 children that will be nourished by the Foundations meals!

In order to expand and grow sustainably, Akshaya Patra relies on the large-hearted backing of generous individuals who are as zealous about eliminating classroom hunger as the government and the Foundation are. Not only does food for education ensure that Indias children its future are nourished well and have their stomachs full, it also positively affects attendance and enrollment. The Mid-Day Meal Programme is an incentive with that comes with triangular benefits for children, on their health, education and nourishment! The impact of supporting this cause on your life will be doubly large not only would you have the pleasure of having contributed to secure the future of the nations children, you would also beget a wonderful advantage in return that of 100% tax exemption in India!

The Akshaya Patra Foundation is an NGO in India which accepts charity donations for mid-day meal programme and these donations are

tax exempted in India

.

Article Source:

eArticlesOnline.com}

Learn How You Can Make Money On The Internet By Finding The Best Associate Programs}

Filed under: Tax Specialist — Admin @ 3:34 pm, June 26, 2021.

Learn How You Can Make Money on the Internet By Finding the Best Associate Programs

by

[youtube]http://www.youtube.com/watch?v=ayad5mbSSrU[/youtube]

Phyllis C. Miles

For good reason, affiliate marketing is very popular on the web these days. Are you motivated, ambitious, and in hunt of a reliable and proven associate promoter so that you can start to develop an unlimited, forever increasing cash flow from wherever and whenever you choose as an internet entrepreneur?

To me that is very good news, I love it when people decide to change their financial freedom by beginning a home business using an affiliate marketer. There are so many terrific rewards including an unlimited source of money, passive and leveraged streams of cash flow, multiple streams of profits, tax breaks, the freedom that comes with self employment, and many other life changing benefits.I know that finding the right opportunity could be a tiny frustrating. There are such a lot of opportunities, which one is the best? This can be a hard thing to answer, and many times folks don’t know how and they therefore end up laying out cash on an earn cash sting.There is nothing more disappointing to get all excited about a break, spend money to join, and then realize that you were given defrauded. It has occurred to many folks, me included, but it doesn’t should happen to you.The first real opportunity that I ever found, and one that I continue to earn from years on, is the SFI selling Group. This is a hybrid affiliate program that utilizes all of the best Internet earnings sources to create one really various, convenient, easy, and moneymaking business.And it does not matter if you are attempting to build a 6 figure revenue or just wanting to earn one or two extra bucks here and there, the earning potential is unlimited and you can decide how much effort you need to give. And the really chilled thing is that the revenue you generate will be leftover, so you’ll make cash for several years to come. It is an investment of time that will pay you highly for a while.And SFI is a FREE to join program, so that you can become an affiliate, use the coaching and resources, use all the website pages and advertisements, and use the business tools and forums without ever spending a single red cent.

Are you an internet entrepreneur? Take a look at loads of free resources for business and wealth building at the

Wealthy Internet Entrepreneur

and also be sure to visit the

Internet Entrepreneur Blog

Article Source:

Learn How You Can Make Money on the Internet By Finding the Best Associate Programs}

First Time Buyer’s Huge (Temporary) Tax Credit}

Filed under: Tax Specialist — Admin @ 3:35 pm, June 8, 2021.

First Time Buyer’s Huge (Temporary) Tax Credit

by

[youtube]http://www.youtube.com/watch?v=yCD2x1IMqrY[/youtube]

Christian Jacobsen

You lucky bunch! First time buyers can get a tax credit for as much as ten per cent of a first home purchase (but it must be less than a $7500 refund) . Yep, this is all part of the recently-passed and much publicized Housing and Economic Recovery Act of 2008 .

However, the fact that it is much publicized should mean that every young renting family should know about it – but according to a recent survey, at least 77% of renters do not. This lack of knowledge could be costly because the tax credit is only designed to be a temporary boost and will not be there for long. This concession by the Government offers quite a substantial saving. Think about it – ten per cent on a home that costs $75,000 means that you will be allowed the maximum tax credit of $7,500! Free tax credits! Substantial free tax credits!However, just a reminder: if you buy a home of $100,000 on which the ten per cent is calculated to be $10,000, you will still only be able to claim a tax credit of $7,500 as this is the maximum allowable.Alternatively, if you purchase a home of $50,000 on which the ten per cent is calculated at $5,000, you will only qualify to claim the tax credit on the maximum 10% of the purchase price i.e. the $5,000.New (brand new) housing sales are predicted to bottom out in the spring of 2009 and then they may start rising according to a comment made by Lawrence Yun, National Association of Realtors (NAR) Chief economist. Now is an excellent time to get ‘your house in order’. Ensure that your credit rating is up to par, approach your bank or broker to arrange pre-approval to finance a mortgage for you, and check that you have enough savings to deposit a down payment as well as moving and closing costs.Part of your pre-approval will point you to which price properties you will be able to consider. Of course, we always want the homes in the next price bracket up – but you can lose a home this way. Be wise and be content with ‘starting’ on the bottom rung of the realty ladder; its not often that there is the chance to have a safety net put in place by the government!

Visit UtahPropertyFinder.com for an extensive list of available

Utah real estate

listings. Acquaint yourself with great investment opportunities in the surrounding Utah areas, including the

Davis County real estate

market.

Article Source:

First Time Buyer’s Huge (Temporary) Tax Credit}

How To Start A Lawn And Garden Care Business

Filed under: Tax Specialist — Admin @ 3:37 pm, May 3, 2021.

By Susan Nelson Hopkins

There is a huge market for lawn and garden care businesses. Of the millions of acres of soil in America that are dedicated to household lawns, 70% are kept healthy and well maintained by lawn care professionals… just like you.

Consider also the thousands of commercial properties requiring the services of a lawn care professional.

So, dont worry about there not being room for another lawn and garden care business the market is still wide open.

But, starting a lawn care business involves the same game plan as any other business.

First, focus on these business start-up steps: Develop a business plan (action plan); Develop a budget; Obtain capital; Secure necessary permits; Set up necessary state and federal tax accounts; Check into insurance; Set up a business bank account; Set up an accounting system

Advertise; Develop a customer base; Pay bills on time

Check out your local Better Business Bureau for suggestions and resources to help you take care of all this. It may seem daunting, but its really pretty straight forward.

[youtube]http://www.youtube.com/watch?v=lIwijqd-cuY[/youtube]

Just use common sense during this phase of the start-up, and dont be afraid to ask questions.

But don’t ignore these steps… 90% of new businesses fail because they ignored one or more of them.

Another thing unless you plan to hire employees to handle the physical labor, make sure to get a medical check-up to verify that you can physically handle it yourself. This will help any misgivings the financial and insurance folks might have as well as some customers.

Next, focus on the equipment and tools you will need While youre getting the start-up phase on track, begin gathering up tools and equipment. Remember, they dont have to be brand new … unless you have a very generous source of capital (grin).

Here are just a few of the more obvious items:

Pickup Truck… It can be old as the hills in fact it could even be a classic, or an antique it just needs to be mechanically sound and capable of hauling.

In fact, have a mechanic you trust look it over. Tell him/her that you want to know if your truck is capable of hauling a trailer and all of your tools and equipment. It should also be powerful enough to haul a trailer loaded with debris.

Your mechanic can help you determine what the approximate weight would be. Incidentally, this could also be an opportunity to work out a maintenance agreement with your mechanic. All kinds of opportunities here

Equipment Trailer… The size depends on the mower and other tools you plan to haul, as well as on your trucks hauling capacity. Most lawn care businesses prefer flatbed trailers with built in ramps. If your trailer also accommodates side racks with panels, hauling debris will be much easier.

Make sure your mechanic takes a look at the trailer along with your truck. This will give him/her a good idea of the hauling weight and other questions you will have.

Power Equipment… The lawn mower choice will depend on your budget, the size of your trailer or truck bed, and the type of lawns you plan to service. If the plan is to start small, then have at least one reliable walk-behind lawn mower. Two is always better you dont want mechanical problems shutting down your business!

Adding a ride-on lawn mower is the ultimate goal of any lawn care service. Theyre fast and the faster you can mow, the more lawns you can mow. The walk-behind mower is still necessary to get into those tight areas where the ride-on wont fit.

A good leaf blower is pretty essential, too. Get the quietest leaf blower you can afford your customers neighbors will love you. In fact, it may encourage them to contract your services.

Again, just use common sense. Go through target neighborhoods and notice which ones have meticulously cared for lawns, and find out who the lawn care service providers are.

Then, watch those providers. Find out what equipment and tools they use, how long it takes them, and the clincher have they made the lawn look better than it actually is!

It always pays to copy the experts, to learn from them thats the sign of a successful business!

One last thing Remember to check your areas environmental regulations for noise and emissions.

One more last thing Keep in mind that your new lawn care business will also be judged on the spotlessness of your equipment, and of you and your employees not just on the immaculate lawns you leave behind.

Follow these steps, and your lawn care business will stand out from all the rest

About the Author: Susan Nelson Hopkins is an online gardening expert from Carlsbad, NM and writes for the unique Susan’s Garden Group of websites. She specializes in creating lawns and gardens that will attract birds. For other original lawn and gardening articles, visit

Susan’s Gardens

.

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