Real estate blog entries tagged with housing recovery bill 2008 tax credit by Coldwell Banker Select Professionals

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Home : Blogs : Coldwell Banker Select Professionals : Coldwell Banker's Central PA Real Estate Blog : Tag "housing recovery bill 2008 tax credit"

housing recovery bill 2008 tax credit: 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)

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