Taxmageddon: Will We See A Huge Tax Increase Due To Expiring Tax Breaks At End Of 2012?

April 19, 2012
Taxmageddon Tax Increase

At the end of 2012 a whole host of tax breaks are all expiring at once. It is being called “Taxmageddon” and unless something is done the average household could see a huge tax increase.

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What Effect Will The News Of Osama Bin Laden’s Death Have On The Markets?

May 1, 2011
Osama Bin Laden Dead

This evening we heard news that Osama Bin Laden had been killed near Islamabad, Pakistan. What effect will the news have on our markets?

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If You Itemize Your Taxes You’ll Have To Wait Til February To File

January 26, 2011
Tax Filing Delay If Your Itemize

The IRS has announced that if you plan to itemize your taxes, you will have to delay filing as their systems aren’t yet up to date with the current law. Find out when the IRS will start processing returns here.

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Deal Reached Between President Obama And GOP On Extension Of Bush Tax Cuts

December 7, 2010
Bush Tax Cut Deal

Over the past year or so we’ve been talking on this site quite a bit about the 2001 and 2003 Bush tax cuts, and whether or not they would be renewed in some form before they expire on December 31st.  We looked at what would happen to the tax rates if they weren’t renewed, and [...]

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Things You Do That Could Cost You Money When Buying A Home

June 23, 2010
Borrowing Is Now More Difficult

The last few years have been tough ones for the real estate market, and especially for the banks who have watched as thousands of their home loans have gone into default, and homes into foreclosure. Because the lending market has become so tough, lending guidelines have already started changing, making it tougher for some people [...]

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The Bush Tax Cuts Are Expiring. Will The 2011 Tax Hikes Bring On A Double Dip Recession?

June 17, 2010
Could Expiration of Bush Tax Cuts Lead To Recession?

At the end of the 2010 there will be a tax increase for all taxpayers, if something isn’t done.  Back in 2001 the Bush administration helped to get an across the board tax cut passed that effectively lowered the marginal tax rates for all people paying taxes.   (If you didn’t pay taxes, it doesn’t matter [...]

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Obama Administration Urges Congress To Pass Another $200 Billion Stimulus Package

May 28, 2010
Obama $200 Billion Stimulus Package

As the effects of the $787 billion stimulus package of last year begin to wear off, the Obama administration is now looking at the option of passing yet another “limited” stimulus package to help dig the economy “out of a deep valley”.  Without it they fear that the slow gains our economy has made this [...]

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The New $100 Bill Design Adds New Security Features

April 23, 2010
New 100 Dollar Bill

It was announced this past week that the Department of the Treasury will be issuing a new redesigned $100 note on February 10, 2011. It has been overhauled and has been updated to include a ton of new features to help thwart counterfeiters. Over a decade of research and development went into its new security [...]

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Democrats Hope To Pass A Second U.S. Stimulus Bill By Early 2010

December 3, 2009
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Fresh off of a $787 billion stimulus package passed in February of 2009, congressional Democrats are now beginning to talk about passing a second, more modest stimulus package sometime within the next few months – aimed at easing the unemployment crisis.  From Reuters: Congressional Democrats’ push for another U.S. stimulus package got a boost on [...]

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Cash For Appliances Government Stimulus Rebate Program Will Give Money For Old Refrigerators, Washers And More

September 23, 2009
Thumbnail image for Cash For Appliances Government Stimulus Rebate Program Will Give Money For Old Refrigerators, Washers And More

The past couple of months we’ve talked quite a bit about the Cash For Clunkers program, how it worked, and who could expect to receive a voucher towards the purchase of a new car. People were split down the middle as to whether the voucher program was even a good idea, with some saying it [...]

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Cash For Clunkers Program Is Dead Again. Gas Guzzler Trade-In Program Ends Monday.

August 21, 2009
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We’ve been talking a lot recently about the Cash For Clunkers program, and how the program has been successful by some standards, and troubled in other ways.  The program ran out of money one week after it launched, and was only re-launched after congress passed another 2 billion dollars for the program. Now the program [...]

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Cash For Clunkers Gets A $2 Billion Cash Infusion And Rises From The Dead.. For Now

August 7, 2009
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More Cash – For Cash For Clunkers It was only a week ago that we were talking about how the Cash For Clunkers program had only been active for a week, and it was already running out of money.  $1 billion dollars had been assigned to the program and after demand for the vouchers was [...]

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Cash For Clunkers Program Suspended After Only A Few Days. Here Is Why

July 31, 2009
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The Cash For Clunkers program has only been active since last Friday, but word is now leaking out that the CARS program will be halted at midnight on Thursday July 30th, less than a week after it launched.  The problem?  There are fears that the program may have already run out of money.  The program [...]

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Congressional Budget Office Says 2009 Stimulus Package Could Be Harmful To Economy

February 6, 2009

photo credit: kevindooley The Congressional Budget Office released a statement this week stating that they believed the current versions of the 2009 stimulus package would actually be harmful to our nation’s economy in the long run. President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were [...]

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