How the new tax laws can help you.

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 28, 2009 --

The U.S. House of Representatives approved essential legislation to stimulate the economy and provide stability to American families. The House Passed H.R. 3548, the Worker, Homeownership and Business Assistance Act of 2009 by an overwhelmingly bipartisan vote of 403 to 12. President Obama signed the legislation into law on November 6, 2009. The legislation will help continue America’s economic recovery by extending unemployment benefits for millions of workers looking for jobs, as well as extending, expanding and improving the homebuyer tax credit, and providing tax relief for military families and businesses.

This will help not only first time home buyers but Section 11(j)(1) of the bill provides that the $6,500 credit allowed to long-time residents (IRC §36(c)(6)) is for residences purchased after the date of enactment of the Act also.

Also, no credit is allowed if the purchase price of the home is over $800,000.

With the new tax laws help is available at Taxes For U by looking at our website, www.taxesforu.com, or calling 949-831-2146.

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