Grassley: Rushed Stimulus Package Leaves Taxpayers Facing Problems With Making Work Pay Tax Credit

November 16, 2009 - (RealEstateRama) -- Sen. Chuck Grassley, ranking member of the Committee on Finance, today made the following comment on a new report saying that a $400 tax credit provided by the economic stimulus plan may leave more than 15.4 million Americans owing money to the IRS because of under-withholding from their paychecks. The Treasury Inspector General for Tax Administration (TIGTA) today released its review of the IRS’ administration of the making work pay credit. Recent reports have documented administrative problems with the homebuyer tax credit and the existing health care tax credit

Tagged as: , ,

Related posts:

  • Mitchell, Calvert: Don’t Let the Homebuyer Tax Credit Expire
    WASHINGTON, DC - October 2, 2009 - (RealEstateRama) -- U.S. Reps. Harry Mitchell and Ken Calvert (R-CA) are inviting their colleagues in the House to join them in support of the bipartisan Homebuyer Tax Credit Act, H.R. 1245, to extend and expand the Homebuyer Tax Credit....
  • Homebuyer tax credit extended
    STILLWATER, Okla. - December 7, 2009 - (RealEstateRama) -- If you are a looking to purchase a home and qualify for the first-time homebuyer tax credit, you are in luck – the tax credit has been extended....
  • Homebuyer Tax Credit - Morgan Hill Real Estate Update
    Morgan Hill, CA - December 23, 2009 - (RealEstateRama) -- After much speculation by the general populace (and the real estate industry) and much consternation by Congress, the much-anticipated extension of the First-Time Homebuyer Tax Credit has been passed....
  • Simpson Supports Extension of Homebuyer Tax Credit
    Washington, DC - November 6, 2009 - (RealEstateRama) -- The U.S. House of Representatives today overwhelmingly passed legislation extending the First-Time Homebuyer Tax Credit Provision through April 30, 2010. The bill also creates a new tax credit for move-up buyers who have lived in their current residence for at least five years. The expanded tax credit was included as part...

3849

Articles Category: Laws & Taxes

  • Loebsack Fights to Fix Unfair Loophole in Homebuyer Tax Credit
    Washington, DC - March 10, 2010 - (RealEstateRama) -- Congressman Loebsack sent a letter today to Speaker of the House Nancy Pelosi urging her to bring legislation to the floor that will ensure Iowans are not barred from tax credits due to requirements that penalize married couples. The issue was brought to his attention after a married couple in Iowa found that they were ineligible for the expanded First-Time Homebuyer Tax Credit due a loophole that requires both spouses to meet the same criteria
  • Treasurer Zweifel and Attorney General Koster announce $303,000 settlement with Sprint Award impacts 3,640 people

    JEFFERSON CITY, MO - March 4, 2010 - (RealEstateRama) — State Treasurer Clint Zweifel (ZWY-ful) and Attorney General Chris Koster announced today they had reached a $303,000 settlement in a lawsuit against Sprint over uncashed and unclaimed rebate checks. Treasurer Zweifel said his office had already added more than 3,600 Missourians affected by the lawsuit to ShowMeMoney.com. Thirty-six states signed on to the $22 million settlement. As a result, thousands of people will be able to claim their rebate checks and put money back in their pockets.

  • MARCH 1, 2010: MARKEY LEADS CHARGE FOR HOME HEATING ASSISTANCE FUNDING
    WASHINGTON, D.C. - March 1, 2010 - (RealEstateRama) --Representative Edward J. Markey (D-Mass.), a longtime champion of providing assistance to low-income families to heat their homes, today began an effort to request full funding for this critical program for the next fiscal year. Markey joined with other key lawmakers to circulate a letter to all 435 House Members seeking signatures on a joint letter to the Labor, Health and Human Services and Education Appropriations Subcommittee, urging that at least $5.1 billion be provided to support the Low-Income Home Energy Assistance Program (LIHEAP) program in 2011, as well as nearly $600 million in additional emergency funds for 2011.“
  • Murt Legislation Would Provide Property Tax Relief for Disabled Veterans
    Harrisburg, PA - March 1, 2010 - (RealEstateRama) -- In an effort to provide property tax relief to Pennsylvania’s disabled veterans, Rep. Thomas P. Murt (R-Montgomery/Philadelphia) is joining with Rep. Doug Reichley (R-Lehigh/Berks) to introduce a pair of bills designed to help disabled veterans.