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firsttime homebuyer tax credit: Year-End Tax Strategies for a Down Year - 12/01/09 07:02 PM
For many people, this year’s tax planning will be very different from years past and many are looking for year-end tax strategies for a down year. This past year, many taxpayers lost their jobs or had to foreclose on their homes or, in some cases, both.
Several taxpayers have taken advantage of the government stimulus programs that gave first-time homebuyers a tax credit. And all these factors will have to be taken into account when planning your taxes.
Many taxpayers are facing different situations than they’ve ever been faced with before because of tough economic times. Therefore, you need to assess … (2 comments)
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firsttime homebuyer tax credit: Senate Passes Extension on First-time Buyer Tax Credit - 11/10/09 07:01 PM
The Senate has given the final approval passing the extension on the first-time buyer tax credit. The House of Representatives vote was overwhelming as they passed the extension and added an expansion of the homebuyer tax credit. And, President Obama has signed the final approval, putting it into act.
The first-time homebuyer tax credit will be extended through April 30, 2010. Buyers will have until the end of June 2010 to close on their property. The new legislation also increased the income limit for couples with income up to $225,000. That is almost a $55,000 increase above what its current level.Now, … (2 comments)
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Vicki Lind
Lake Havasu City,
AZ
More about me…
Keller Williams Realty
Office Phone: (928) 486-6227
Email Me
Vicki Lind’s Lake Havasu City Blog will present community information, new and events for Mohave County communities of Lake Havasu City, Lakeridge Estates, Canterbury Estates, Sun Lakes Village, Desert Hills, Havasu Heights, Havasu Foothill Estates, The Refuge, Horizon Six, Mohave County and the Golf Course Communities of Nautical Estates, The Refuge and London Bridge Golf Course. You will also find periodic real estate market updates, real estate tips for buyers and sellers as well as current market conditions and real estate news on a local and national level.
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