Real estate blog entries tagged with tax credit by John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR (Buyer's Choice Realty)

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Home : Blogs : John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR : John Morrison - Boston area real estate - Everything you need to know about buying in Massachusetts : Tag "tax credit"

tax credit: First time home buyer tax credit: changes that may benefit you - 02/18/09 03:36 PM

The stimulus package recently signed into law by President Obama, known as the American Recovery and Reinvestment Act, contains some modifications to the tax credit for first-time home buyers that was created last July.
Here are the new details that will help folks that buy in 2009:
* The credit will be the lesser of 10% of the cost of the home or $8000.
* Any single-family, primary, owner-occupied residence is eligible.
* The credit reduces income tax liability by up to $8000. Any portion of the credit that is unused will be refunded to the purchaser.
* Full amount of … (1 comments)

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John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR

Ipswich, MA

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Address: 162 Main Street, Wenham, MA, 01984

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