Personal Finance Advice and Commentary

Tuesday, April 24, 2012 8:00 am
By Rose Raymond ·

Happy Tuesday! Finances got you down? Whether a low bank account balance or a $4 impulse-bought breakfast sandwich …

Thursday, July 21, 2011 3:14 pm
By Kay Bell ·

How much did the first-time homebuyer credit help the U.S. housing market? Not much. The much ballyhooed tax break was touted as the best way to shore up the sagging housing industry following the bursting of the real estate bubble. But a new paper by Jonathan Brogaard and Kevin Roshak, doctoral candidates at Northwestern University’s

Tuesday, May 10, 2011 3:35 pm
By Kay Bell ·

 Did you find filing your 2010 tax returns particularly troublesome? You’re not alone. National Taxpayer Advocate Nina Olson, speaking to a recent session of the American Bar Association Section of Taxation meeting in Washington, D.C., thinks so, too. What made it so bad for the woman in charge of making sure the Internal Revenue Service

Thursday, March 24, 2011 12:42 pm
By Kay Bell ·

 If you’re still waiting for your tax refund because the Internal Revenue Service had a problem with your repayment of the 2008 first-time homebuyer credit, you can expect your money by April 5. Really. That’s the official word from the IRS. OK, the IRS says that target date “assumes that there are no other issues with

Monday, March 21, 2011 2:31 pm
By Kay Bell ·

Some homeowners who this year began paying back their first-time homebuyer credit are still waiting for their refunds because of an Internal Revenue Service computer glitch associated with that tax break. The affected taxpayers are those who took the original homebuyer credit on a residence purchased in 2008. That $7,500 tax credit wasn’t really a

Wednesday, September 29, 2010 1:28 pm
By Kay Bell ·

If  you had any doubt that taxes need to be thought about year-round, then consider what will happen tomorrow. On the federal level, the first-time homebuyer tax credit will come to an end Thursday, Sept. 30. That’s the day that folks who had a contract in place by April 30 on a qualifying home must actually close on the purchase