Posts Tagged ‘tax credit’

Tax Break for New “Cash for Clunkers” Program: Do You Qualify for Auto Consumer Stimulus Tax Credit?

Friday, June 26th, 2009

This week, President Obama signed into law the Car Allowance Rebate System (C.A.R.S.) - a  program that pays consumers up to $4,500 in tax credit for trading in their cars or trucks for more fuel efficient vehicles.

As the New York Times reports, you will need to check if your vehicle qualifies for the trade-in credit. You can check out The National Highway Traffic Safety Administration web site to see
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Posted in Tax news and tips | 3 Comments »

Tax Help for Parents Sending Kids to Day Camp

Wednesday, July 30th, 2008

While school’s out, many working parents must arrange for child care during the week. What you may not be aware of is that you can get a tax break to help cover the costs of summer camp - as long as it’s a day camp (as opposed to an overnight camp). The IRS tax credit applies to the cost of day camp for a dependent or child under the age of 13,
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Posted in Working with the IRS | No Comments »