Wednesday, February 10, 2010
Thousands upon thousands of Information Technology workers have been laid off last year and have been severely affected by the economic crisis. INTEL has closed shop in the Southern part of this country. ACER also gave in and closed down making around 2000 semiconductor workers jobless in the past year. It seems that everyone is having a hard time coping up with the greatest financial turmoil since the great depression; but I am optimistic that sooner or later we would all be alright. The US federal government has issued an awesome package of Real Estate Tax Benefit for first time home owners and a part of it for people who are upgrading their primary home of 5-8 years. You need to consecutively live on that lot in order to benefit from this plan. I also learned that this needs to be filed before April 30, 2010 before termination of credits happen. If I were you I would take this chance and grab the opportunity to file and get that $8,000.00 tax credit so you can at least start the recovery. Information Technology workers who just got back to their posts or got a new one must seize the opportunity and take advantage of the benefits the federal government has presented.
I also heard over the news that the US President compromised with the republicans and some of his democrats over the details of the stimulus package. He also did not pursue anymore some of the things he pointed out that he needs to get the country running again. He just made something better with what he has right now and I hope it is going to be sufficient once everything becomes normal. If there would be some glitches in the way, I think they will get to fix it faster now since GDP growth already increased. The other $6,500.00 tax credit for people who had their primary home sold after living there for 5 out of 8 consecutive years would be really beneficial. If they just prove their earnings are within the limits which the federal government indicated then they would be able to avail of this without any hitches. I also saw IPHONE applications make things easier for people who need this to get their life started all over again.
I also heard over the news that the US President compromised with the republicans and some of his democrats over the details of the stimulus package. He also did not pursue anymore some of the things he pointed out that he needs to get the country running again. He just made something better with what he has right now and I hope it is going to be sufficient once everything becomes normal. If there would be some glitches in the way, I think they will get to fix it faster now since GDP growth already increased. The other $6,500.00 tax credit for people who had their primary home sold after living there for 5 out of 8 consecutive years would be really beneficial. If they just prove their earnings are within the limits which the federal government indicated then they would be able to avail of this without any hitches. I also saw IPHONE applications make things easier for people who need this to get their life started all over again.
Disclosure Policy
Post a Comment