Lafata Tax Service
Want to make sure you get
the maximum refund
without all the work at an
affordable price give us a
call.
the maximum refund
without all the work at an
affordable price give us a
call.
| Contact us: 219-926-1020 219-962-3720 |
Tax Updates for 2008
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Recovery rebate credit.
The maximum for this credit is $600 ($1200 if married filing jointly)
plus $300 for each qualifying child. Is is figured like the economic
stimulus payment, however your 2008 tax information is used
instead of your 2007 tax information. The credit is reduced by any
economic stimulus payment you received.
To make sure you receive the maximum Recovery rebate credit
have Lafata Tax Service prepare your 2008 Tax return at an
affordable price or follow this link to read the information from the
IRS website
http://www.irs.gov/newsroom/article/0,,id=186065,00.html
The maximum for this credit is $600 ($1200 if married filing jointly)
plus $300 for each qualifying child. Is is figured like the economic
stimulus payment, however your 2008 tax information is used
instead of your 2007 tax information. The credit is reduced by any
economic stimulus payment you received.
To make sure you receive the maximum Recovery rebate credit
have Lafata Tax Service prepare your 2008 Tax return at an
affordable price or follow this link to read the information from the
IRS website
http://www.irs.gov/newsroom/article/0,,id=186065,00.html
First-time home buyer credit.
You may be able to claim a credit of up to $7,500 if you are a
first-time home buyer and your modified adjusted gross income is
less than $95,000 ($170,000 if married filing jointly). This credit is
like a loan to you. You must recapture the amount of your 2008
credit in 15 equal yearly installments starting in 2010 (2 years after
claiming the Credit)
To make sure you receive the maximum First-time home-buyer
credit or to see if you qualify have the experts at Lafata Tax Service
prepare your 2008 Tax return at an affordable price or follow this link
to read the 16 pages of IRS Publication 530 the IRS website
http://www.irs.gov/pub/irs-pdf/p530.pdf
You may be able to claim a credit of up to $7,500 if you are a
first-time home buyer and your modified adjusted gross income is
less than $95,000 ($170,000 if married filing jointly). This credit is
like a loan to you. You must recapture the amount of your 2008
credit in 15 equal yearly installments starting in 2010 (2 years after
claiming the Credit)
To make sure you receive the maximum First-time home-buyer
credit or to see if you qualify have the experts at Lafata Tax Service
prepare your 2008 Tax return at an affordable price or follow this link
to read the 16 pages of IRS Publication 530 the IRS website
http://www.irs.gov/pub/irs-pdf/p530.pdf
| Did you use a do-it-yourself tax software to file your tax return last year you need to read this! Click here to read story! |
To view the other important changes for your 2008 tax return
follow this link to IRS Publication 553
follow this link to IRS Publication 553