Day: March 18, 2009

The New Home Buying Tax Credit

From the WSJ – Cracking The New Homebuyer Credit The recently enacted economic-stimulus law contains an unusually attractive new tax break for many homebuyers — if they can only figure out how it works. The new law sweetens a provision known as the “first-time homebuyer credit.” In essence, if you meet certain qualifications, such as buying a home from Jan. 1 through Nov. 30 this year, you may be eligible for a tax credit of as much as $8,000. You also have a choice of claiming the credit on your federal income-tax return for 2008 or 2009. A credit is typically more valuable than a deduction, since it eliminates your taxes on a dollar-for-dollar basis — and in this case, you may get it even if you don’t owe any taxes. Hey, a tax credit I may actually qualify for. I am stoked! Like they say, read the whole...

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Election Day

From Newsday – 2 newcomers challenge 2 trustees in Babylon election In Babylon, incumbent trustees Kevin Muldowney and Alice Vanderveldt will be challenged at the polls on Wednesday by newcomers Darrell Conway and Elizabeth Rye. Muldowney, 64, a trustee for 20 years, is also deputy mayor. He said during his tenure he and the other officials have helped keep the village “neat and clean and pretty” while trying to be “fiscally responsible to all of our residents” and keep taxes down, something he hopes to continue. … Alice Vanderveldt, 48, was appointed to the board in 1996 and elected the next year. She has been a special-education teacher at Ronkonkoma Middle School since September and previously managed broadcasting for the New York Islanders. … Challenger Elizabeth Rye has lived in the village for eight years and said she wants to maintain its “at home” feeling and quaint downtown. A retired New York Police Department detective, Rye, 44, has been a Babylon bay constable since 2005. She also works as an independent investigator for companies …. Fellow challenger Darrell Conway is an attorney who has lived in the village for 22 years and served on the Babylon School Board for six years. I admit that I have no idea who is running or what the issues are. Any...

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March 2009
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