'Newspg4.indd' by The Newscaster Nature Coast News

Welcome To The New Tax Year. With the new administration in ofﬁce, there have

The Frugal Have Spoken

been numerous tax law changes for the 2009 tax year. In the upcoming weeks I will detail

A Guest Commentary by Darryl Diamond

the most frequent changes.

Some of the beneﬁcial changes are: -- Earned Income Credit (EIC): now you can

As Newscaster readers know, the

claim up to 3 children. -- Higher standard deductions and exemptions. -- New education

having a problem getting

focus of my articles the past two years or so

credit. -- Different Child Tax Credit law .

motivated, you can get a

have been real estate related. With real es-

The change I want to focus on today is one that a number of people have ap-

ﬁnancial adviser to inter-

tate in a slump there is little to report, so this

proached me about. That is the new First Home Buyer Credit.

vene, and there are several

may be a good time to branch out to other

First Home Buyer Credit Rules

websites with help. An-

topics of interest to Nature coast readers.

First time home buyer is one who has not owned a home during the last three (

other important factor in

Here is what some people have

3) years prior to the purchase date. Tax credit is equal to 10% of the purchase price up to

this quest is to adjust your

done to stretch their current incomes in or-

$8000. The tax credit does NOT have to be repaid. Homes purchased on or after January 1,

attitude as to what is the important stuff.

der to live through this economic turndown.

2009 and on or before April 15, 2010 will qualify. Income limits are $75,000 income for an

Let s say you have had a foreclo-

In order to achieve ﬁnancial freedom, all

individual; $150,000 if married.

sure, work with a mortgage broker to re-

parties in a household must agree that there

Also new is a Repeat Home Buyer Tax Credit. These rules are: Eligiblity is you

build your credit, and you can be ready to

is a problem, and express their willingness

must have owned and lived in the previous home for ﬁve (5) consecutive years out of the

purchase another home in a relatively short

to commit to a plan of action. Without this

last eight (8) years. Tax credit is equal to 10% of the purchase price up to $6500 and does

time. One bright side of this recession is that

commitment you have little chance of suc-

 

not have to be repaid. Homes purchased after November 6, 2009 and on or before April 15,

home buyers have become more careful in

2010 qualify for this credit.

their next purchase. Many have found out

For households that feel they have

That 70 S.E. 136 Court, of assistance in Floridathis coming tax season, visit

191 s all for now. If I can be Dunnellon, any way 34431

a “shopping addiction”, writing down all ex-

that they really did not need that 4 bedroom

me at the PHONE of(352) 489-4588 447-4588 or 621-4588Inglis or give me a

Chamber Commerce Building at 167 Highway 40 West in

penses every month is the next step to con-

home on the golf course and the less expen-

call at 352-447-3383. Ofﬁce AX (800) 385-6736 do take appointments for later hours

F hours are M-Sat 9-4. I

trolling spending. You must mutually make

sive 2 bedroom home was going to work

a vow to work together to get back to a bal-

just ﬁne. Many people this past year found

EMAIL thenewscaster1@gmail.com

I offer Rapid Refunds (next day or next week) as well as all the other tax service

anced budget. I call it “plan your work then

out that it is more important to ﬁrst pay their

VISIT OUR WEBSITE www.thenewscaster.com

needs for my clients. I also do a 3 year check of your taxes. If there are no errors, it s

mortgage, and food bill than to go out and

FREE!! If it does contain errors, there is a charge for amending the return correctly.

Budget guru, Mary Hunt who ad-

purchase more superﬂuous items such as a

  

boat, a new car, and that 250 channel cable

mits having a shopping addiction herself de-

programming. Let s all strive for a better

scribes her problem as “drinking but never

economic situation for 2010. I ll see you

quite quenching your thirst”. She never dis-

           

around “The Campus”

tinguished between “wants” and “Needs”.



Squawk Box Continued from page 1



    

homes. The natives are restless.

The commission recently “ﬁred” the county permitting process and hired a company to



take over permitting and code enforcement, but did not work out the fees and ﬁne tune it be-



fore the contract was signed. Having the ability to apply locally was the only positive thing



I saw, with being costly enough to discourage future homes and business to relieve some of



the tax burden on those that live here now. Code enforcement can inspect and demand you



do home repairs and the alternative is a demolition permit on your home. SCARY!!! Inglis

is under a microscope and I think you will be learning more about your town government



and your tax dollars at work in the coming weeks.The next tea party is at the Inverness court

house in Citrus County Jan. 16, 1-4pm.



email news to: news@thenewscaster.com

png Centr



Hw. 4Eg

   l 

 

 y 0 ,In is

352-2140

 2-0  5



Calo pointment 

l f  r Ap

Contractors/Homeowners

Wa Welcome  

Yr Lamar  Big John  NE 1st Terrace • Crystal Cuisine South of the Border!

River • North of Big Lots & East of Post Office

emoliionDebris

 t  

Crystal Terrace Shopping Center





11 am - 2 pm & 5 - 9 pm



FamilSo

y  al n for

11 am - 2 pm & 5 - 10 pm



Men • Women • Kids

Perms, HLtlor

 i-  i es & Co 

FAMILY Owned & Operated

artiat 45   & Dinner Served

 ng  $ 

Wom   C t -            

 ens  u s  $12

ClipperCts  $  Dine-In or Take-Out

 u  -  8

    

    

Three Sisters Antiques

Buddy & Fred’s Hardware



517 Hwy. 40 W • Inglis, FL • 352-447-2600



HAS MOVED Next to the Old BINGO HALL

51 N. Hwy. 19 • Crystal River • 352-795-4160

See all the listings in Citrus County on our Website

Reasonably Priced Quality Antiques

www.plantationrealtyinc.com

email: lisavandeboe@yahoo.com

Open 7 Days • 10am - 5pm

Call us for information on our “short

We accept Debit & All Major Credit Cards -We Do Layaways