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tax credit: Expanded Tax Break Available for 2009 First-Time Homebuyers - 02/25/09 06:36 PM
Expanded Tax Break Available for 2009 First-Time Homebuyers             IR-2009-14, Feb. 25, 2009
WASHINGTON — The Internal Revenue Service announced today that taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before Dec. 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year.
Qualifying taxpayers who buy a home this year before Dec. 1 can get up to $8,000, or $4,000 for married filing separately.
“For first-time homebuyers this year, this special feature can put money in their … (0 comments)

tax credit: $5,000 DC First Time Homebuyer Tax Credit - 01/06/08 09:10 AM
The $5,000 DC First Time Homebuyer Tax Credit provides a federal tax credit of up to $5,000 for individuals who purchased in the District of Columbia by 12/31/2007.
Eligibility for the credit is phased out for single filers making $70,000 to $90,000 (adjusted gross income) and joint filers making $110,000 to $130,000. For example, single filers making $70,000 (or joint filers making $110,000) would receive the entire credit; single filers making $80,000 (or joint filers making $120,000) would receive a $2,500 credit; single filers making $90,000 (or joint filers making $130,000) would not receive the credit. Those who have owned a … (1 comments)

 
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Steve Dean

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RE/MAX Allegiance 202-338-8900

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