home buyer tax credit: Home Buyers in for a Surprise at Tax Time! - 01/22/10 02:47 PM
Do you know that a shock is in store for those recent home buyers who are hoping to bring home a hefty tax return in the next few weeks? Many of them are happily heading to their tax preparers office as soon as they get all their W2’s only to discover that it will be several weeks before they will get their refunds.
Yep, that’s because the IRS has had it with the tax fraud that several people committed for the sake of getting a tax credit that they were not due. So now everyone claiming the first time home buyer … (2 comments)
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home buyer tax credit: Cash in on the Tax Credit for Current Homeowners - 11/25/09 01:22 PM
Selling your home is never an easy task, especially in a buyer’s market. But maybe that house of yours is just not what you need now. Whether you are wanting bigger, smaller or just different, it’s time to move. And the Home Buyer Tax Credit sure looks good too.
Before you can buy a new home and take advantage of the credit, you have to figure out what to do with your current home. Should you sell it? Should you rent it out? Should you just leave it on the market whether it sells or not? Should you turn it into … (0 comments)
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home buyer tax credit: Home Buyer Tax Credit Extended and Expanded - 11/12/09 02:07 PM
The first-time home buyer tax credit was an overwhelming success at creating many new home owners. While most would agree that these owners were just waiting for the right time to buy, the right time had arrived. Now the right time continues!
Last week, the credit was not only extended for another 6 months, it was expanded to include first-time home buyers with higher incomes. The Worker, Homeownership, and Business Assistance Act of 2009 opens the up-to-$8000 tax credit to almost all first-time home buyers by increasing the maximum annual income. The income cap for single home buyers has increased from … (1 comments)
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