Real estate blog entries tagged with tax credit by Kristal Kraft ~Denver Real Estate~720-279-4599 (The Berkshire Group Realtors)

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Home : Blogs : Kristal Kraft ~Denver Real Estate~720-279-4599 : Denver Real Estate & Relocation : Tag "tax credit"

tax credit: First-Time Home Buyers Tax Credit...The Details! - 02/16/09 04:17 PM

President Obama will be traveling to Denver to sign his newly passed "American Recovery and Reinvestment Act of 2009".
While there has been much said about the bill, the end result is yet to be seen. Changes to the First-Time Homebuyer Tax Credit are not significant. We already had a $7500 tax credit available from an earlier bill, but this one offers a non-payback plan. That is non-payback as long as the borrower owns the home for over 3 years.
In order to understand the benefits more clearly, I'm posting a chart, compliments of the National Association of REALTORS® here:

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Kristal Kraft ~Denver Real Estate~720-279-4599

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