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Homebuyers Tax Credit Update - 02/24/09 10:25 AM
First Time Homebuyer Tax Credit Frequently Asked Questions
In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale.
For 2009, Congress has increased the credit to $8000 and made several additional improvements. This revised $8000 tax credit applies to purchases on or after January 1, 2009 and before December 1, 2009.
Tax Credits -- The Basics
•1. What's this new homebuyer tax incentive for 2009?
The 2008 $7500, repayable credit is increased to $8000 … (1 comments)
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It's Budget Time in Fairfield! - 02/23/09 08:45 AM
It is one of the Rites of Spring. First Baseball starts with "Pitchers and Catchers Report". The NCAA Basketball programs call it "March Madness". But in this part of the country for Fairfield and the surrounding towns it is called Budget Season. Each town based on size and Town Charter may follow a slightly different process but somewhere between now and roughly May 15th, Expenses are scrutinized & Revenues are estimated by the Board of Selectman and the Board of Finance. Then at the Annual Budget Meeting of the RTM, the Expenses are approved. Next it goes back to the Board of … (0 comments)
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New Haven Register file for Bankruptcy Protection! - 02/22/09 08:33 AM
For all the good things that happen with technology, there are some shifts in old technology that are replaced by a new wave. In the case of newspapers, they withstood the wave of Television but the Internet is proving a tough task to handle.....it begs the question - who will do the investigative reporting made famous by Watergate, the Clinton scandals and more recently the Steroid scandals in Baseball?
Here is the latest on the New Haven Register and their parent company....the New Haven Register's parent - the Journal Register - filed for banckruptcy protection this weekend.
The Journal Register follows … (0 comments)
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Tax Credit Update - 02/05/09 04:00 PM
February 5, 2009
Tax Credit Update
The Senate last night passed an expansion of the tax credit proposal. The proposal would be available to all purchasers (not just first-time homebuyers). NAR was instrumental in getting this provision passed by the Senate. The key elements are:
•· A tax credit in the amount of $15,000 or 10 percent of the purchase price (whichever is less), with the option to utilize all in one year or spread out over two years
•· The tax credit is available to all purchases of any home from date of enactment for one full year.
•· Able … (0 comments)
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Mike Tetreau - Sales Vice President ABR, CRS, GRI
Fairfield,
CT
More about me…
William Raveis Real Estate - Fairfield, CT
Address: William Raveis Real Estate, 2525 Post Road, Southport, CT, 06890
Office Phone: (203) 255-6841
Cell Phone: (203) 520-8318
Email Me
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