Bailout bill tax credit provision has some fine print.

[temeculaguy]

feraina- in 2003 they gave out the checks but only for people with kids, then the following year when you did your taxes, the child tax credit (not to be confused with the deduction per dependent) was not available that year as it had been in prior years. When this stimulus was anounced it was written that it would follow the same format. However, numerous media outlets reported that this stimulus will not reduce your refund next year so it may amount to free money. I read a few pages of the bill and it still uses the phrase “Advance refund or advanced credit” leading other analysts to determine the IRS will not give you the normal credit come tax time if you got the advanced credit. I didn’t look much further because it doesn’t pertain to me, I didn’t get one and my income precludes me from getting the credit or the advance credit. If I keep reading I’ll just get more pissed off because the whole concept of an income limit that is not regionally adjusted irritates me.

[largemammal]

(g) Application of Section- This section shall only apply to a principal residence purchased by the taxpayer on or after April 9, 2008, and before April 1, 2009.’.
Any ideas how they came up with these dates?

One of them is April Fool’s Day.

[largemammal]

(g) Application of Section- This section shall only apply to a principal residence purchased by the taxpayer on or after April 9, 2008, and before April 1, 2009.’.
Any ideas how they came up with these dates?

One of them is April Fool’s Day.

[largemammal]

(g) Application of Section- This section shall only apply to a principal residence purchased by the taxpayer on or after April 9, 2008, and before April 1, 2009.’.
Any ideas how they came up with these dates?

One of them is April Fool’s Day.

[largemammal]

(g) Application of Section- This section shall only apply to a principal residence purchased by the taxpayer on or after April 9, 2008, and before April 1, 2009.’.
Any ideas how they came up with these dates?

One of them is April Fool’s Day.

[largemammal]

(g) Application of Section- This section shall only apply to a principal residence purchased by the taxpayer on or after April 9, 2008, and before April 1, 2009.’.
Any ideas how they came up with these dates?

One of them is April Fool’s Day.

[(former)FormerSanDiegan]

The 7500 interest-free loan is a non-factor in high-cost states like California. Now, in Michigan and Ohio it could impact the low-end significantly. That is equivalent to 5% of your house in some of these places. Think of it as a small interest-free piggyback 2nd. It might nudge a few more people to buy at the low end in low-cost states.

[(former)FormerSanDiegan]

The 7500 interest-free loan is a non-factor in high-cost states like California. Now, in Michigan and Ohio it could impact the low-end significantly. That is equivalent to 5% of your house in some of these places. Think of it as a small interest-free piggyback 2nd. It might nudge a few more people to buy at the low end in low-cost states.

[(former)FormerSanDiegan]

The 7500 interest-free loan is a non-factor in high-cost states like California. Now, in Michigan and Ohio it could impact the low-end significantly. That is equivalent to 5% of your house in some of these places. Think of it as a small interest-free piggyback 2nd. It might nudge a few more people to buy at the low end in low-cost states.

[(former)FormerSanDiegan]

The 7500 interest-free loan is a non-factor in high-cost states like California. Now, in Michigan and Ohio it could impact the low-end significantly. That is equivalent to 5% of your house in some of these places. Think of it as a small interest-free piggyback 2nd. It might nudge a few more people to buy at the low end in low-cost states.

[(former)FormerSanDiegan]

The 7500 interest-free loan is a non-factor in high-cost states like California. Now, in Michigan and Ohio it could impact the low-end significantly. That is equivalent to 5% of your house in some of these places. Think of it as a small interest-free piggyback 2nd. It might nudge a few more people to buy at the low end in low-cost states.

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