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first time homebuyers: 2008 Housing Recovery Law - Tax Incentives Reviewed - 02/19/09 12:17 PM
By Jeff Geoghan for Coldwell Banker
The Housing Recovery Bill enacted in July 2008 addressed first-time buyers of primary first residences purchased between April 9th and December 31st, 2008.  If you fall into this time frame, it’s important that you are aware of the tax incentives available with your 2008 return.
Here’s a summary of the program:
 
Tax Credit Amount - $7,500 Eligible Properties – All homes eligible as long as used for primary residence. Refunds Applicable? – YES.  If credit exceeds your net tax liability for 2008 or 2009 (you choose which), then you will get the difference as … (0 comments)

first time homebuyers: 2009 Economic Recovery Act - First Time Homebuyers Fast Facts - 02/19/09 12:08 PM
By Jeff Geoghan for Coldwell Banker
The 2009 Recovery and Reinvestment act modifies the 2008 first-time homebuyers tax incentives in important ways.  If you’re looking to buy your first home this year, you need to be in the know of how this legislation will affect your tax benefits!  Here’s a snapshot of the current program for purchases made between 1/1/09 and 12/31/09:
Tax Credit Amount - $8,000 Eligible Properties – All homes eligible as long as used for primary residence. Refunds Applicable? – YES.  If credit exceeds your net tax liability for 2008 or 2009 (you choose which), then you will … (0 comments)

 

Coldwell Banker Select Professionals

Lancaster, PA

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Coldwell Banker Select Professionals

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