first time home buyer tax credit: First Time Home Buyer Tax Credit - There is Still Time - 02/20/10 10:08 PM
First Time Home Buyer Tax Credit - There is Still Time
Once again, we are coming around the bend with the First Time Home Buyer Tax Credit - and the rush is on.
The tax credit, as I wrote about in my book, "Buying a Home" was originally written to be a $7,500 loan that would have to be paid back over a period of fifteen years. That was in 2008.
Early in 2009 it was revised to be an $8,000 credit that would be a complete credit and not have to be paid back at any time. It … (6 comments)
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first time home buyer tax credit: Buying a Home in Massachusetts in Time to Get the Tax Credit - 11/21/09 10:11 PM
Now that the Home Buyer Tax Credit has been extended and expanded to help all home buyers, there's still plenty of time to take advantage of this opportunity.
On November 6, the Worker, Homeownership, and Business Assistance Act of 2009 established a tax credit of up to $6,500 for all qualified move-up buyers. If you currently own a home may be eligible for the credit.
Previously, only available to first-time home buyers, the new expanded program was designed to boost home sales, particularly during the customarily slow winter months.
Requirements for the Move-up Tax Credit
You must have owned and … (2 comments)
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first time home buyer tax credit: 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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