Comment 29598

By Madalyn Y (registered) | Posted March 16, 2009 at 02:22:16

This may seem good news to homebuyers. But of course, there are consequences on this matter. With tax season upon us, a lot of people are looking into what they can get tax credits for. To those first-time homebuyers out there, you should begin planning on now to take advantage of a new tax credit. Tax credits are some people’s ticket to a refund. Thankfully there are some new deductions you can take this year. You can deduct investment losses (up to a certain point), any funds spent on a job search, and some new credits if you (and your spouse, if that applies) make under $150,000. Paying the IRS more money than you already have to pay, especially when it seems the government doesn’t know what to do with the money they've given them, is frustrating. If you do the appropriate research, you’d be surprised what you can get tax credits for.s

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