Grants

200 Million In Grants For Down Payment Money

for first time home buyers who do not have a whole lot of money has been added by the U.S. Senate on November 25 for inclusion into the budget for the U.S. Department Housing and Urban Development.

Visit: banking.senate.gov/index.cfm?FuseAction=PressReleases.Detail&PressRelease_id=

15000 People A Month Get Grants For Down Payments

There are a number of non-profit organizations that provide grants to homeowners to pay for down payments and closing costs for buying a new home. These grants normally range from 2% to 5% of the purchase price of the home. These non-profits obtain their money from mortgage lenders and sellers. Housing regulations prevent sellers or lenders to give down payment money directly to buyers. More than 15,000 buyers a month receive grants through this program. To learn more about how this gift-assisted sale works, contact the national association of these organizations called Homeownership Alliance of Nonprofit Down Payment Providers, at 301-941-1907, or web.

Visit: www.downpaymentalliance.org

Get A 5000 Grant To Help You Write A Grant

that’s what the State of Arizona gives to small businesses to help them get a $250,000 federal government grant to work on their invention. We can all use help in getting grants, especially the big ones. See if your state office of economic development offers this kind of grant to help you get a grant.

Visit: www.azcommerce.com/webapps/press/current_release.asp?sID=217

48000 Grant for Veterans to Adapt Their Home for a Disability

Called the Specially Adapted Housing for Disabled Veterans Programs and referred to as Program #64.106 in the Catalog of Federal Domestic Assistance, this program provides grants to certain severely disabled veterans acquire a home which is suitably adapted to meet the special needs of their disabilities. Contact your local Veterans Administration office at Department of Veterans Affairs, Washington, DC 20420, 202-273-7390

Visit: www.homeloans.va.gov/eligmap.htm

Is Grant Money Taxable?

The answer to this is the same answer to any good question, It Depends. Some grants are taxable and some are not. If you get a grant to start a business, I would assume you would have to treat that as taxable income but you would probably not pay any taxes on it because you would use the money to buy business deductible items like computers, office space, advertising etc. Grants and scholarships in excess of tuition, fees, books, supplies, and equipment are considered taxable income. Grants given to veterans not taxable. A lot of grants given out to pay your energy bills or help pay your mortgage are not taxable.

Visit: www.irs.gov/pub/irs-pdf/p525.pdf

Get 100000 Grant From The IRS

Organizations providing low-cost legal assistance to people involved in tax disputes can apply for grants worth up to $100,000 for the calendar year. This year $6 million was awarded to 102 organizations. Grants are awarded in December for the following year. To qualify for a grant, tax clinics must be run by accredited law, business, or accounting schools whose students represent taxpayers in tax disputes with the IRS or in the courts, or by tax-exempt organizations. These groups can represent taxpayers in tax-related matters, refer taxpayers to qualified representatives and provide non-English speaking taxpayers information about their tax rights and responsibilities. Clinics may charge tax payers a small fee for legal help. For more information request application package in Publication 3319 by phone at 800-829-3676 or visit the following web sites

Visit: www.irs.gov/newsroom/article/0,,id=103846,00.html

50000 to 500000 In Grants to Start A Day Care Center

in Pennsylvania if you are a non-profit organization and want to help families who need day care services. The money can be used for most anything in starting or expanding a day care center. And if you are not a non-profit, it doesn’t matter. The government will help you become one for next to nothing. Tell this office you are also looking the state’s small business development center’s office.

Visit: www.inventpa.com/default.aspx?id=290