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)
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
Published at 8:01 PM EST on Feb 17, 2009