In the book world November is a month for the new. Not new as in first books by tender young authors, but new as in “Have you read the new Dean Koontz?” Or, “Did you see there’s a new ‘Knitting Club’?” Yes and yes (see below). But along with those stalwarts of the best-seller list are authors who may be new to American readers but who come bearing prizes and plaudits of their own.
6500 home buyer tax credit
A new bill allowing a $6500 tax credit for new home buyers was passed unanimously by the Senate last night. The $6500 credit would apply to contracts entered into through April 30, 2010 and closed before July 1, 2010.
The income limits for home buyers have been raised, so both tax credits will be available to those individuals earning up to $125,000 (currently set at $75,000), or up to $250,000 (currently set at $150,000) for couples.
The House may take up the measure as early as today, and this would extend the $8,000 credit for first-time buyers that will expire November 30 and gives a credit of up to $6,500 for repeat buyers who have been in their home for at least five years.
In the next few days, IRS.gov will have more information.
1) Make a List. One of the easiest ways to over-spend on the Thanksgiving meal is to over-shop. Make a list of what you need and stick to it to keep money in your pocket.
Make Your Own Pies. Pumpkin pie is cheaper to make than to buy. Plus, frozen pie crusts can be found on sale. Pumpkin pie is surprisingly easy to make and tastes better than store-bought too!