Real estate blog entries tagged with 000 tax credit for first time homebuyers may not benefit all by Gerard Ladalardo, CIAS (CB International Realty)

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Home : Blogs : Gerard Ladalardo, CIAS : Gerard's Blog : Tag "000 tax credit for first time homebuyers may not benefit all"

000 tax credit for first time homebuyers may not benefit all: $8,000 Tax Credit For First Time Homebuyers May NOT Benefit All - 07/11/09 05:09 PM

As part of the American Recovery and Reinvestment Act of 2009, Congress authorized a first-time homebuyer tax credit of up to $8,000. The $8,000 credit replaced the $7,500 tax rebate program that was included in 2008's stimulus program.
According to the IRS, a first-time homebuyer is anyone who has not owned a "home" in the last 3 years where "home" is defined as a home in which a person has lived in and occupied. It can include traditional homes, houseboats, trailers and other residence types. The IRS was smart because they also defines what it means to be a first-time homebuyer with … (0 comments)

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Gerard Ladalardo, CIAS

Temecula, CA

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