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home buyer tax credit: Details Of The $8,000 Tax Credit For First Time Homebuyers - 08/11/09 11:53 PM
The First Time Homebuyer Tax Credit is a great incentive for Dallas / Fort Worth area first time homebuyers.  But to take advantage of it, you need to get your plan in motion and start looking for a home rather quickly.  You must close and fund on the purchase of a home by no later than November 30, 2009.  Many changes in the mortgage industry have resulted in much longer closing times. Time will be running out to take advantage of this very quickly.  
The $8,000 tax credit is a true tax credit, not just a deduction from gross income.  Essentially it's $8,000 … (8 comments)

home buyer tax credit: Details of the $7,500 Tax Credit for New Home Buyers **UPDATED** - 02/10/09 04:15 PM
As part of the Housing and Economic Recovery Act of 2008, home buyers who purchase a primary residence between April 9, 2008 and July 1, 2009 may be eligible for a tax credit of up to $7,500.  There's been a lot of talk (and certainly an equal amount of misinformation) about the details of this program, so i'm going to try to answer as many of the questions as possible.
WHAT EXACTLY IS THE $7,500 TAX CREDIT?
It's basically a TAX FREE LOAN from the government equal to 10% of the purchase price of a qualifying home by a qualified individual … (3 comments)

 
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John Jones

Dallas, TX

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Texas Urban Living Real Estate

Address: 5706 E. Mockingbird Lane Suite 210, Dallas, TX, 75206

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