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Senate Amendment to 2009 Stimulus Bill: $15,000 Tax Credit for Homebuyers

by Flexo

This text refers to the original $15,000 tax credit amendment for all homebuyers which has now been superseded. The tax credit is now $8,000 and is available for people who purchase a house between January 1, 2009 and November 30, 2009. Here is how to claim the $8,000 home buyer tax credit on your 2008 ... Continue reading this article…

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Is it Effective to Limit CEO Compensation?

by Flexo

Let’s say you are the chief executive officer of a formerly strong financial company. Either your company has faltered under your leadership or you’ve managed to steer clear of toxic assets but the slumping economy has affected you. Or perhaps you are newly hired, brought in to oversee a struggling shell of a company as ... Continue reading this article…

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Personal Balance Sheet, January 2009

by Flexo

2009 started off well. Since December 31, my “modified net worth” has increased 2.4 percent despite a sickly stock market, presenting a January bottom line of $188,566. It’s not only a tradition for me to publish my monthly financial reports, this transparency is the original purpose of Consumerism Commentary. People post about their lives online for ... Continue reading this article…

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Understand the Recovery Rebate Credit

by Flexo

According to the Internal Revenue Service, 15 percent of 2008 income tax returns that have been filed already have errors involving the recovery rebate credit. Here is what the government wants you to know: Some tax returns erroneously claim the credit, do not claim the proper amount of recovery rebate credit or mistakenly enter the amount ... Continue reading this article…

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Senate Amendment to 2009 Stimulus Bill: First-Time Home Buyer Credit

by Flexo

This text refers to the original amendment to the stimulus bill, which has now been superseded in the final law. The first-time home buyer tax credit is now $8,000 and is available for people who purchase a house between January 1, 2009 and November 30, 2009. Here is how to claim the $8,000 home buyer ... Continue reading this article…

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Most Popular on Consumerism Commentary: January 2009

by Flexo

Monthly subscription reminder One of the best methods of reading Consumerism Commentary and staying up-to-date with the latest articles and posts is through RSS subscription. By subscribing to the Consumerism Commentary RSS feed with feed-reading software such as Google Reader or aggregators such as My Yahoo, you’ll always be aware of new content here. If ... Continue reading this article…

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How Obama’s 2009 Economic Stimulus Will Affect You

by Flexo

If President Obama’s economic stimulus plan is signed into law is it currently stands, individuals stand to receive a tax credit of $500 and couples stand to receive a tax credit of $1,000. Provided you’re not disqualified for earning too much money, $75,000 for an individual or $150,000 for a couple. Taxpayers might receive this ... Continue reading this article…

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How Will You File Your Taxes?

by Flexo

I’ve started receiving W2s, 1099s, and a variety of other tax-related documentation in the mail and online, which means one thing: It is time to get serious about determining my final tax liability. If I planned right, I will have paid just enough between estimated taxes and withholding to avoid an underpayment penalty, but it’s ... Continue reading this article…

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