Many have just found out that they are not getting this huge refund on there taxes for home renovation tax credits.

First thing they are tax credits not rebates there is a difference.

Tax credits are to make people that have money spend money. Tax rebates are for everybody. A good example is lets say you have to pay $12000 in tax this year because of your income level. You need to use up as much as your tax credits as possible. A tax rebate is totally different, it is not geared to how much you spend.

The government was offering Home renovation tax credits this past 2009 year, this is for people with high incomes so they will spend money and create more jobs for the average Joe.

Many people made Continue reading »