Ar_home_b_search
 



homebuyer tax credit: $15,000 Homebuyer's Tax Credit Gutted - 02/12/09 04:58 PM
The $15,000 Homebuyer's Tax Credit became a casualty of the stimulus compromise deal reached yesterday. The latest version of the Stimulus Bill has been scaled back to an $8,000 tax-credit for first-time home buyers, a $500 increase over a similar credit introduced last year. The Congressional Budget office had estimated  the cost of the original $15,000 credit at $35.5 billion. The estimate of the revised credit is closer to $3.7 billion.
The credit is $8,000 or 10% of the value of the home for any first time homebuyers who purchase homes from the start of the year until the end of November. It is retroactive to Dec. 31, … (2 comments)

homebuyer tax credit: Text of $15,000 Homebuyer Tax Credit - 02/05/09 04:55 PM
The U.S. Senate yesterday unanimously passed an amendment to the pending economic stimulus package allowing an income tax credit of up to $15,000 for the purchase of a home. The amendment was advanced by former real estate broker Sen. Johnny Isakson (R-Ga.) and Sen. Joseph Lieberman (I-Ct.) The amendment would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax credit for the purchase of new homes only, which must be repaid over 15 years or when the house is sold, if there is … (6 comments)

 
Me_2010_high-res_no_red

Jon Treon Natick Real Estate

Natick, MA

More about me…

RE/MAX Home Finders

Address: 264 North Main St., Natick, MA, 01760

Office Phone: (508) 655-1559

Cell Phone: (508) 397-6081

Email Me

Information about the Metrowest Boston real estate market, including homes for sale, selling and buying tips, and current information relevant to the purchase or sale of a home in the Metrowest region. Towns covered include Natick, Framingham, Wayland, Wellesley, Sudbury, Marlborough, Maynard, Ashland, Holliston, Hopkinton, Needham, Dover, Sherborn, Southborough and Westborough.


Links

Archives

RSS 2.0 Feed for this blog

Find MA real estate agents and Natick real estate on ActiveRain.