DEADLINES TO KEEP IN MIND FOR TIMELY TAX BREAKS

LIBERTY TAX REVIEWS MEASURES TO SCHEDULE BEFORE THEY EXPIRE

Time is running out for taxpayers to plan and take advantage of some tax-saving breaks.
Here are some tax deadlines to keep in mind:

Buy a First Home before December 1st, 2009 to claim the First-time Home Buyer Credit: For 2009, the repayment obligation is eliminated for taxpayers who purchased homes after December 31, 2008. The maximum value of the credit has increased to $8,000. The new measure removes the prohibition on financing by mortgage revenue bonds, and extends the availability of the credit for homes purchased before December 1st, 2009.

Buy a New Car by December 31, 2009. Buyers of new vehicles may be able to deduct the state and local sales and excise taxes they pay on new cars, light trucks, recreational vehicles and motorcycles through 2009, but not the interest on their car loans.

Make Energy Efficient Improvements to Your Home before December 31st, 2010. Some home improvements made in 2009 and 2010 to increase the energy efficiency of your home may have a silver lining at tax time. Adding insulation, energy-efficient exterior windows, and energy-efficient heating and cooling systems may qualify for a tax break. These improvements may qualify for a credit of 30% of their costs up to $1,500. Residential energy credits apply to homes, houseboats, mobile homes, condominium, and qualifying manufactured homes in which you live.

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3rd Annual “Soup for the Troops” TM Event – An Exclusive Soup Tasting

November 7th, 2009
11:00 am – 3:00 pm
Event Field – Mayfaire Shopping Centre, Wilmington, NC

Admission is FREE! Soup tickets are $2.00 per sample at the event

http://www.wilmingtonsoupforthetroops.com

How Would You Like To Find Hidden $$?

  • Let us provide you with a complimentary review of your Last 3 Years of Tax Returns, whether you already filed previously or not.
  • We’ll analyze your tax return closely to try and find any missed deductions or credits!
  • If we find an additional refund owed, we can file an amended tax return.

Liberty Tax Service 910-452-4523

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