Tax rates on qualified dividends

Do you know that your taxable income thresholds will determine if your qualified dividends are taxed at a 0% tax rate.  Yes, that is not a typo, no tax at all.  

Source IRS.

Credit available for first time homebuyers

Are you a first-time homebuyer?... You could qualify!  You must not own a main home during the prior three years.  The credit could go up to $7,500.  However, you must have bought your home by the applicabe date to qualify, even if you purchase your home in in the first part of 2009. 

Source IRS.

Recovery Rebate credit

The economic stimulus payment we receive last year is tax free and should not be reported on the 2008 tax return.  However, this rebate could affect your Revovery Rebate Credit.  How so?  A tax payer may qualify for the credit if he/she did not get a stimulus payment or had a child last year.