Tag Archives: tax

How to Save Some Money on Your Property Taxes

Money and home I was browsing through some posts on The Consumerist this morning and came across this post with a link to the Homeowner’s Property Tax Reduction Kit (PDF) from the American Homeowner’s Association.  I get asked questions all the time regarding people’s property taxes and assessments.  I have yet to find something this thorough.  If you have the time, give it a read (86 pages)…and hopefully it will save you some money in the long run.

Your $7500 Tax Rebate | H.R. 3221, the “Housing and Economic Recovery Act of 2008" | Why You Should Care Series – Post 2

Image Courtesy of FreeDigitalPhotos.com

UPDATE (2/24/09): Revisions have been made to this bill with the American Recovery and Reinvestment Act of 2009.  After reading about this bill, read about the changes made here.

In this second post of our H.R. 3221, the “Housing and Economic Recovery Act of 2008″ Series, we talk about a provision included that allows most first time home-buyers to receive at $7500.00 tax rebate.  Make sure you read all the way through as there are some caveats and a TWIST.  Here are the details you need to know:

  • The $7500 Tax Credit is available to firs-time home buyers that purchase a principal residence sometime after April 9th of 2008 and sometime before July 1st of 2009.
  • The Credit is a “refundable” credit.  So, if you have a tax liability of $2000 next (more…)