tax credit for home buyers georgia realtors: MOVE UP BUYERS TAX CREDIT IN THE WORKS FOR 2010 - 10/28/09 09:10 AM
Senate Close to Deal Replacing Homebuyer Tax Credit
Oct. 27 (Bloomberg) -- U.S. Senate leaders moved closer to an agreement replacing an expiring $8,000 tax credit for first- time homebuyers with a smaller one that would expand access to so-called step-up purchasers, two people familiar with the matter said.
The deal would reduce the size of the tax credit to 10 percent of the sale's price, capped at $7,290, the people said. The credit would be available on home purchases that are under contract by April 30, and borrowers would have 60 days more to close the sale. The existing credit … (3 comments)
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tax credit for home buyers georgia realtors: P.S. I Owe You $1,800 .. When would you like it ? - 07/07/09 07:58 AM
P.S. I Owe You $1,800 .. When would you like it ? Signed Sonny Perdue
HB 261, recently signed into law by Governor Sonny Perdue, which provides for an $1,800 tax credit for home-buyers in Georgia. This $1,800 state tax credit to the $8,000 federal tax credit makes for an unparalled opportunity for buyers, this "free money" combined with the historically low interest rates, gives buyers a never been a better time to purchase a home. Unlike the federal tax credit, the Georgia credit is not limited to first-time homebuyers, and there are no applicable income limits. The … (0 comments)
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