Tips To Help You Through a Taxing Time
Tax code changes which could help you save
CHICAGO - NOVEMBER 1: Current federal tax forms are distributed at the offices of the Internal Revenue Service November 1, 2005 in Chicago, Illinois. A presidential panel today recommended a complete overhaul of virtually every tax law for individuals and businesses. (Photo Illustration by Scott Olson/Getty Images)
Updated at 2:04 PM EST on Monday, Jul 20, 2009
Want a tax refund fast? It could be just 10 days away if you use the IRS' e-file program. And this year, the on-line tool is available to more people.
And here are some other changes in the tax code which could help you save:
- If you got a tax-stimulus check in the mail last year, but think it might have been too small, check out line 70 on your 1040 tax form. You can apply for a recovery rebate credit, now known as RRC.
- First time home-buyers can get an interest-free loan for up to $7500.... and
- Other homeowners could get $1,000 cash back.
We're not going to pretend it's easy. But finding out if you're owed money is worth the extra effort. For more, do some navigating the IRS Website