The American Recovery and Reinvestment Act of 2009 signed into law on February 17, 2009 has improved the first time homebuyer tax credit.
Highlights of this credit include:
• A refundable credit equal to the lesser of 10% of the purchase price or $8,000. Refundable, meaning the tax credit can offset your entire federal income tax liability [...]
House and Senate Republicans today proposed an alternative balanced budget that eliminates massive proposed tax increases, preserves vital programs and services at 2007 levels, and greatly reduces government costs through consolidations, agency mergers, retirements and salary and benefit concessions. The proposal requires no reduction to municipal aid – including no reduction in education funding to [...]
Massive Democratic tax increases – $3.3 billion in property, income, business and sales taxes – will likely destroy jobs, drive more residents from Connecticut and worsen the state’s recession, legislative Republicans said today.
The proposed Democratic tax and spending plan crafted in secret behind closed doors hits taxpayers the hardest and makes no attempt to reduce [...]
