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housing stimulus: Stimulate your home purchase in 2009 - 03/01/09 09:53 AM

As stimulus package was signed into law this past Wednesday, speculation about the housing provisions in it ceased. During the course of congressional negotiations we went from a $15,000 tax credit to nothing, and everywhere in between.
The simple facts Under the $787B recovery package, first time homebuyers (that make less than $75,000/year) are eligible to get an $8,000 tax credit that does not require repayment, if they purchase a primary residence from January 1st, 2009 through December 31st, 2009. The credit is refundable - If the annual tax liability is less than the credit, the taxpayer will receive the difference in a … (1 comments)

 

Erion Shehaj - Houston Real Estate Broker

Houston, TX

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Signature Real Estate

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