Real estate blog entries tagged with home buying advice by Casey O'Neal (RE/MAX Allegiance)

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Home : Blogs : Casey O'Neal : Casey's Blog : Tag "home buying advice"

home buying advice: $8000 Home Buyer Tax Credit Basics - 05/03/09 10:13 AM

The American Recovery & Reinvestment Act of 2009 offers an $8000 maximum tax credit for first-time homebuyers buying homes as their primary residence between January 1 and December 1, 2009. A First-Time Home Buyer is anyone who has not owned a home within the last 3 years. If an unmarried couple jointly buys a home, and one person owned a home (within 3 years) and the other did not, they can “designate” the tax credit to that person who will be able to claim it on their individual tax return. This rule also applies for parents to co-sign on a mortgage. … (0 comments)

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Casey O'Neal

Arlington, VA

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RE/MAX Allegiance

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