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tax credit: What The 2009 Tax Credit Is and How It Works - 03/11/09 02:23 PM
In February 2009, Congress expanded the first-time homebuyer tax credit (as modified in the American Recovery and Reinvestment Act) to provide a tax credit of up to $8,000 for first time home buyers that no longer has to be paid back to the government. It's called the First Time Home Buyer Tax Credit and this is fundamentally what it is:
The Tax Credit is for first time home buyers only. The Tax Credit does not have to be repaid. The Tax Credit is equal to 10% of the home's purchase price, up to a maximum of $8,000. The Tax Credit is … (3 comments)
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tax credit: Whats going on with the new Stimulus Package as it pertains to the Real Estate Market? - 02/13/09 02:08 PM
February 13, 2008Whats going on with the new Stimulus Package as it pertains to the Real Estate Market?The senate is discussing a portion of the stimulus package called fix housing. There are two primary compents under discussion. The first on is the $15,000 Homebuyer tax credit.Many of us know that current credit of $7,500 exists to those first time homeowners that purchase a house this year. The plan will expand that number to $15,000 and open it up to everyone not just to first time homeowners. Under debate is, will we have to pay it back? If so, how much? A … (5 comments)
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Perry and Lynn Thomas discuss life and Real Estate in Louisville Kentucky
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