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Did you know that there is a hefty tax credit available to many households who have a dependent child? This may come as a surprise to many new parents, but it’s important to plan for so that you can make the most of your money. After all, the credit is worth up to $1,000 per child. ... Read Article

Mortgage Workouts Now Tax-Free For Many Homeowners
The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the Release IR-2008-17). Generally, the Act allows exclusion of income realized as a result of Can I exclude debt forgiven on my second home, credit card or car loans? ... Access Doc

Box 2 Potential Impact Of Consumer Debt Clearance Act On Banks
Notes: 1. Modified debts refer to the debts generated from credit card and cash card credits there are restrictions on who is eligible for relief under the Act. before dropping by 51.4% to NT$377.1 billion in February 2008 (Chart B2.2). Outstanding card debt receivables have fallen ... Retrieve Document

2007 YEAR-END TAX LEGISLATION Special Report
Credit card debt, tuition, medical expenses, or other Mortgage Debt Relief Act of 2007, the penalty is now set at $86 per partner per month. TREASURY/IRS FUNDING Congress passed an omnibus FY 2008 appropriations bill, the Consolidated Appropriations Act, 2008 (H.R. 2764) on December 19. The ... Access Full Source

What Is In The Obama Economic Stimulus Package - US Economy
Obama rallied the support needed to pass the stimulus package because the Dow had dropped to 6,594.44 in March, panicking lawmakers. (Credit: Joe Raedle/Getty Images) ... Read Article