Thompson & Company

Smaller tax deduction when you use your car for work http://bit.ly/4D0T6l

Workers Get Lower Mileage Rate in 2010 - WSJ.com Millions of workers who use their cars for work will get a smaller tax deduction next year under a new IRS rate.

This may be old news for some people but one of the new tax breaks for first-time home buyers (meaning, this cannot be a vacation home), who purchased or are thinking about purchasing a home between January 1, 2009 and April 30, 2010, is eligible for tax credit that is 10% of the purchase price up to $8,000. http://bit.ly/6WTHLL

Federal Housing Tax Credit: Frequently Asked Questions About the First-Time Home Buyer Tax Credit Answers to questions about the $8,000 federal tax credit for first-time home buyers.

Check out our press release: http://bit.ly/8bzu4q

Extreme Realty Advance Partners with Thompson & Company/Tax Pros Extreme Realty Advance Partners with Thompson & Company/Tax Pros. Providing Tax, Accounting and Investment Services for NYC-Metro Area Clients