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7500 tax credit: Read this blog I read! The Gov't Official mascot - 02/13/09 08:28 AM

 
I thought it was funny post your thoughts.  The ActiveRainer who posted this is: www.activerain.com/dreamcatcher
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7500 tax credit: The $7500 tax credit for 1st time homebuyers> - 02/12/09 10:26 PM
Understanding the 2008 Housing & Recovery Act a.k.a. $7500 tax credit

1.  The time is right to finally experience the American dream of home ownership. On July 30, 2008, President Bush signed a major housing bill (H.R. 3221) into law. As part of the housing bill, Congress has created a new, temporary tax credit to provide an incentive for first-time homebuyers. The temporary tax credit, combined with low interest rates, a large inventory of homes to choose from and home prices at or close to rock bottom prices, makes this an opportunity of a lifetime for first-time homebuyers.But like so … (1 comments)

7500 tax credit: More money for the Tax Credit for homebuyers! $8000 NOW! - 02/12/09 09:21 PM
Well according to The Wallstreet Journal the latest version of the stimulus bill says that: The $15,000 homebuyer tax credit didn't survive the final negotiations on the stimulus bill. Instead, Congress slightly increased to $8,000 an existing $7,500 credit for first-time homebuyers and eliminated repayment provisions.Congressional negotiators said that $8,000 number isn't yet finalized.
The new credit is retroactive to Dec. 31, 2008, which means that anyone who buys a house this year, through August, won't have to repay it. First time buyers who used the credit in 2008 still have to pay it back over a 15-year period.
Alot of … (3 comments)

 

Janice Adekoya

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