Comments on: Tax Breaks In Stimulus Bill for Buying a Home Or a New Car http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html like a friend telling you about money ... Thu, 19 Nov 2009 19:44:17 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Charles Jones http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html/comment-page-1#comment-2897 Charles Jones Wed, 11 Nov 2009 18:43:37 +0000 http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-law-for-buying-a-home-or-a-new-car.html#comment-2897 If I am not a first time home buyer, purchased my home in Nov. 2007, will I qualify for any tax credit? thanks If I am not a first time home buyer, purchased my home in Nov. 2007, will I qualify for any tax credit?
thanks

]]> By: TFB http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html/comment-page-1#comment-2830 TFB Wed, 28 Oct 2009 06:10:54 +0000 http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-law-for-buying-a-home-or-a-new-car.html#comment-2830 James W - It's a tax deduction for sales tax paid, not a tax credit, but yes, both cars qualify if they are bought within the applicable dates. James W – It's a tax deduction for sales tax paid, not a tax credit, but yes, both cars qualify if they are bought within the applicable dates.

]]> By: James W http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html/comment-page-1#comment-2829 James W Wed, 28 Oct 2009 05:17:32 +0000 http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-law-for-buying-a-home-or-a-new-car.html#comment-2829 If I purchased two cars (under $50K), would both cars be qualified for the tax credits? If I purchased two cars (under $50K), would both cars be qualified for the tax credits?

]]> By: Jacque http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html/comment-page-1#comment-2480 Jacque Mon, 27 Jul 2009 01:26:03 +0000 http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-law-for-buying-a-home-or-a-new-car.html#comment-2480 We purchased a home in April 2009 but it's not the first home we bought so that means we are not eligible for the stimulas check. How fair is that. We had to sell our other house because the taxes where too high. We rented for 2 years then decided to buy again. I think it should be for anyone who bought a home in 2009, just like it is for those that bought a car. We purchased a home in April 2009 but it's not the first home we bought so that means we are not eligible for the stimulas check. How fair is that. We had to sell our other house because the taxes where too high. We rented for 2 years then decided to buy again. I think it should be for anyone who bought a home in 2009, just like it is for those that bought a car.

]]> By: TFB http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html/comment-page-1#comment-2414 TFB Tue, 07 Jul 2009 21:30:54 +0000 http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-law-for-buying-a-home-or-a-new-car.html#comment-2414 @Ray - According to the Social Security Administration, the $250 one-time payments were <a href="http://www.ssa.gov/payment/" rel="nofollow">sent in the month of May, 2009</a>. If you think you are eligible but you haven't received it, contact the Social Security Administration. For the new car sales tax deduction, I imagine the tax form for 2009 tax year will have a new line for it. You claim the deduction when you file your 2009 tax return in 2010. @Ray – According to the Social Security Administration, the $250 one-time payments were sent in the month of May, 2009. If you think you are eligible but you haven't received it, contact the Social Security Administration. For the new car sales tax deduction, I imagine the tax form for 2009 tax year will have a new line for it. You claim the deduction when you file your 2009 tax return in 2010.

]]> By: Ray Regan http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html/comment-page-1#comment-2413 Ray Regan Tue, 07 Jul 2009 20:52:01 +0000 http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-law-for-buying-a-home-or-a-new-car.html#comment-2413 When do retirees receive their $250 one time payment under the Personal Stimulus Benefits? Also, how does a qualifying New Car Buyer take the :sales tax deduction"? When do retirees receive their $250 one time payment under the Personal Stimulus Benefits?

Also, how does a qualifying New Car Buyer take the :sales tax deduction"?

]]> By: Kevin P http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html/comment-page-1#comment-2327 Kevin P Sun, 28 Jun 2009 19:29:04 +0000 http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-law-for-buying-a-home-or-a-new-car.html#comment-2327 Typical government doing nothing and convincing Joe Public otherwise. I have owned a home for a while so the home credit means nothing to me. But look at the stimulus plan for buying a new car closely. If you buy a car between their specified dates and you meet their criteria you get a tax deduction for the sales tax you paid. HELLO! You already get a tax deduction for all sales taxes you pay during the year. Sounds neat and complicated but is typical government, a whole lot of nothing. Typical government doing nothing and convincing Joe Public otherwise. I have owned a home for a while so the home credit means nothing to me. But look at the stimulus plan for buying a new car closely. If you buy a car between their specified dates and you meet their criteria you get a tax deduction for the sales tax you paid. HELLO! You already get a tax deduction for all sales taxes you pay during the year. Sounds neat and complicated but is typical government, a whole lot of nothing.

]]> By: TFB http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html/comment-page-1#comment-2195 TFB Fri, 05 Jun 2009 15:40:21 +0000 http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-law-for-buying-a-home-or-a-new-car.html#comment-2195 @Gordon - Not that I know of. Sales tax is usually a percentage of the price paid. Or is there no sales tax in your state? @Gordon – Not that I know of. Sales tax is usually a percentage of the price paid. Or is there no sales tax in your state?

]]> By: Gordon Gecko http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html/comment-page-1#comment-2193 Gordon Gecko Fri, 05 Jun 2009 14:40:32 +0000 http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-law-for-buying-a-home-or-a-new-car.html#comment-2193 Is there a set deduction for automobile purchases (i.e. a percentage of the paid price)? Is there a set deduction for automobile purchases (i.e. a percentage of the paid price)?

]]> By: Bill Fox http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-bill-for-buying-a-home-or-a-new-car.html/comment-page-1#comment-1947 Bill Fox Sun, 26 Apr 2009 12:58:13 +0000 http://thefinancebuff.com/2009/02/tax-breaks-in-stimulus-law-for-buying-a-home-or-a-new-car.html#comment-1947 Since when did 2009 begin on February 16th. I bought a new truck 2 weeks prior to that because I had heard that a new car incentive was to be included in the stimulus package. To say I am annoyed is an understatement. Since when did 2009 begin on February 16th. I bought a new truck 2 weeks prior to that because I had heard that a new car incentive was to be included in the stimulus package. To say I am annoyed is an understatement.

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