Questions for the Tax Lady: January 25th, 2010

Check out the following new Questions for the Tax Lady answers and feel free to ask me questions through one of the links below. You can send me an email, direct message or @ reply, and I will do my best to get an answer for you!

Question #1: Roni, does your law firm offer tax preparation services?

No, Roni Deutch, A Professional Tax Corporation does not offer tax preparation services. However, there are dozens of Roni Deutch Tax Center locations across the country offering tax preparation, in addition to a handful of other financial services. To find the Roni Deutch Tax Center location nearest you, click here or call 1-800-230-1083.

Question #2: What are the income limits for the 2010 home buyer’s credit?

Income limits for eligible homebuyers for the 2010 tax year are $125,000 for single buyers and $225,000 for couples. This was a significant increase from the 2009 credit, which had $75,000 and $150,000 limits.