Leveraging The Stimulus Bill
Over the last couple of months, our government has been spending money at an unprecedented rate, mainly in the form of a Stimulus Bill. You may be wondering how you might benefit from all of this spending. Well, here are a couple of programs that if you qualify for, you will most likely be interested in:
The NEW COBRA Plan
If you are laid off from your job between September 1, 2008 and the end of 2009, you may qualify for the COBRA portion of the Stimulus Bill, which will pay 65% of your COBRA health care payments for a period of 9 months. The way it works is that your former employer reimburses you, and then the government reimburses the employer.
You can learn more about this program by clicking here.
First Time Home Buyer Tax Credit
If you are a first time home buyer this year, you may qualify for an $8,000 tax credit. What's great about this is that it's a tax credit, meaning that you will get the full $8,000, and, unlike the previous $7,500 first time home buyer tax credit, you don't have to pay it back!
You can learn more about this program by clicking here.
Refinancing and Home Loan Modification
If you are a current home owner, you may qualify for a lower monthly payment through refinancing your current loan, or through modification of your current loan.
You can learn more about this program by clicking here.