home buyer tax credit: Congress extends & expands Homebuyer Tax Credit.. awaiting Presidential signature - 11/06/09 01:44 PM
On Wednesday, Nov 4, the U.S. voted 98-0 to pass the expanded Homebuyer Tax Credit and yesterday, the House voted 403-12 in favor of it as well. The extended and expanded bill now goes to President Obama for his signature. Among the bill's provisions, it will:
extend the $8,000 first time homebuyer tax credit through April 30; create an additional $6,500 tax credit for current homeowners who have lived in their property for 5 consecutive years out of the past 8 (they must sell that home too); require proper documentation (aka proof) that they purchased a home on their federal tax … (0 comments)
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home buyer tax credit: First-time homebuyer tax credit -- cartoon explanation - 11/05/09 04:21 PM
New Page 1 The United States Senate has passed the home buyer tax credit extension (and expansion) 98-0 and has sent it to the House of Representatives where House Majority Leader Steny Hoyer has said it will likely get passed and sent to President Obama for signature.
I thought this would be a good opportunity to share a cartoon that was developed to explain how the tax credit works. The cartoon states that the credit expires at the end of November, but we'll go on the assumption that it'll actually get extended.
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home buyer tax credit: Update on extension (and expansion?) of home buyer tax credit - 11/04/09 01:23 PM
EDMONDS, WA -- As of today, November 4, it looks like we are seeing some real momentum with an extension and expansion of the home buyer tax credit. First, and simply, it looks like the $8,000 first-time home buyer tax credit will get extended until some time in the spring of 2010. What's unclear right now is how much, if any, type of tax credit will be provided for current homeowners who might want to "buy up." Several bills have been introduced in both the House and Senate and it's still unclear as to which, if any, will win out.
One … (0 comments)
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