Well, that messes with my plans a bit

[exatron]

I learned that I can get a $3400 tax credit if I buy or order a 2010 Fusion hybrid by the end of March, and that I can get a $7500 tax credit for a house (I'd have to pay it back, so it's essentially a zero interest loan) if I close by the end of June.

My plan was to get the house first and use the equity I'd have in it to help pay for the car. I think that's still doable, but it significantly reduces my timetable if I want to qualify for both tax credits.

In fitness related news, my bodyfat seems to be hovering at about 10%. Getting abs by AC should still be possible if I make a few tweaks to my diet.

Comments

[kylet.livejournal.com]

Psh, I saw the house purchase "credit" too and dropped it like a hot potato as soon as I heard it had to be paid back. 9.9

[exatron.livejournal.com]

If I ran the numbers right, it may give me a slightly better mortgage payment, even with the $50 or so I'd pay back each month. The big financial bailout bill is supposed to eliminate the need to pay it back, and rumors are circulating that it could double the credit, too.

[kylet.livejournal.com]

Hrm. But I REALLY want my refund (getting a BIG one this year for once) so I may not wait around for it.

Oh, and also...abs good! Have fun with that!

[exatron.livejournal.com]

I can imagine it would be a decent size since you can claim interest paid for your mortgage as a deduction. I think I said that right.

Abs very good, even if having less bodyfat means I feel the cold for once.