8000 tax incentive: The Home Buyer Tax Credit Expiration – The Pressure is Mounting! - 10/15/09 06:11 PM
Congress is currently debating bills that could possibly extend the $8,000 first-time home buyer tax credit which is set to expire on November 30. Is this a good idea?
In considering whether or not they should to do it, the following questions need to be asked:
- Has this tax credit program worked to help the sagging housing market?
- Will the cost of extending it be worth the benefit we will receive from any further implementation of it? Mark Zandi, chief economist of MoodysEconmy.com has devoted some serious study to the situation and he is in favor of extending the credit. He would like to see run … (23 comments)
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8000 tax incentive: Extending the $8,000 Tax Credit - Massachusetts Blog - 08/19/09 07:31 PM
As first-time home buyers in Massachusetts race against the clock to take advantage of the current $8,000 tax incentive, some of our Senators are racing to get the bill renewed.
Senate Majority Leader Harry Reid has been working on the bill and he says he expects Congress to extend it into the new year.
The tax credit, which was approved as part of the federal stimulus package, is currently set to expire on December 1.
So far, the program has encouraged around 2.5 million first-time home buyers to make their move toward the purchase a home. And, according to the National Association of Realtors, … (10 comments)
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