Posted on January 30th, 2009 by DebtAway
I grew up in the country. Anything related to country life I get such a kick out of. Just thinking of how the neighborhood dads used to drive their lawn mowers to visit each other makes me chuckle. Ah, I loved the community where I grew up
Anyways, I better get [...]
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Posted on January 30th, 2009 by MoneyBlogger
Since my post on the $7,500 tax credit for first-time home buyers has over 225 comments and growing, I thought I should point out that both the current House and Senate versions of the Obama Stimulus bill remove the requirement to pay back the credit over 15 years.
If it becomes law, this will be essentially $7,500 of free money for most first-time home buyers. You’ll have to wait until you file your taxes in 2010 to claim the credit, but you might be able to adjust your tax withholding to improve cashflow until then.
According to this CNN Money article, it will also expand the eligible dates retroactively to January 1st, 2009 until the end of June or August.
To be eligible, buyers cannot have owned a home for the past three years, and the new home has to be used as a primary residence. The credit phases out as income rises above $75,000 for singles and $150,000 for couples, and disappears entirely at $95,000 and $170,000, respectively.
Will this really make a long-term difference?
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Posted on January 30th, 2009 by MillionDollarMan
More Backup Software
Last week, I recommended a free online backup solution called Mozy Backup. Within the comments thread, Stephen Winters mentioned a free product by Microsoft called Windows Live Sync. Even though it doesn’t do an online backup per se, it basically synchronizes files from different computers. I’ve installed the program and it’s great if [...]
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Posted on January 29th, 2009 by DebtAway
The last time I visited my parents, my mom let me take home one of her sewing machines. I graciously accepted it, even though I wasn’t sure if I’d use it. I’ve never used one in my life, and the few things that needed mending in the past were easy enough to do [...]
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Posted on January 29th, 2009 by MillionDollarMan
Back in March 2008, Thicken My Wallet wrote a guest post “How Exposed is the Smith Manoeuvre to the Lipson Case?” Just recently, there was a verdict against the Lipson’s. The big question now is, how does it affect the Smith Manoeuvre?
Earlier this month, the Supreme Court of Canada issued its decision in [...]
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