IRS Tax Helper

Home Energy Tax Credit

The American recuperation and Reinvestment Act provides tax incentives for investments in power efficient products, reverting back to their 2005-2008 levels. The Residential energy house Credit was due to expire at the end of 2010 but was extended for one more year by the Tax reduction and Job creation Act of [...]

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New Tax Credit for First-time Homebuyers

Good news from the Internal Revenue Service: the IRS is now giving a Tax Credit for those first-time homebuyers as it is included in the recently enacted House and Economic Recovery Act of 2008. If you are one of those first-time homebuyers, then you better not think twice anymore. Do not let this great opportunity to [...]

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Who Must File a Tax Return

If you are a US citizen, you must file for income tax return if your income is above certain levels. Other factors such as age and type of income you receive are also taken into consideration. If you are unsure as to whether you are required to file for income tax return, you can find [...]

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Take advantage of HOPE for Homeowners!

Buy a home AND get paid $7,500 for it, thanks to the new HOPE for Homeowners bill. With HOPE, would-be homeowners are entitled to a $7,500 First Time Home Buyer tax credit. Yes, you basically get $7,500 back when it’s the first time you buy a house. Although there are a few requirements to be [...]

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