first time homebuyers tax credit: Homebuyer Tax Credit Closer to Extension
- 11/03/09 12:36 PM
Homebuyer Tax Credit Closer to Extension November 3rd, 2009 An $8,000 federal tax credit for first-time homebuyers that is set to expire at the end of the month inched another step closer to getting extended until April. The Senate voted 85-2 yesterday to move the bill to a final vote, and senior members of Congress said that they expected the bill to pass next week. In what officials say is a move to stimulate the economy, the measure might even be expanded to give a $6,500 tax credit to homebuyers who have lived in their previous home for at least 5 … (3 comments)
While a final deal was not reached, there were encouraging signs that a deal is very likely. It is more a question of "when" than "if".
The proposed deal (which is still subject to change) would extend the tax credit until April 30,2010 and also expand it to "move up" borrowers.
Details of the revised homebuyer credit reportedly are as follows: Credit is changed to 10% of sales price up to $7290 For first time homebuyers, the income level to qualify is $ 75,000/150,000. For "move up" buyers the income … (4 comments)
first time homebuyers tax credit: $8000 Tax Credit- Updated Guidelines 5.29.2009
- 05/29/09 05:02 AM
Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit that was designed to boost the battered U.S. housing market.The Federal Housing Administration on Friday released details of a plan in which borrowers who use FHA loans can get advances from lenders that effectively let them receive the credit before they complete their taxes.The FHA had no estimate of how many borrowers would qualify. But the agency, which backs about a quarter of new home loans, is projected to guarantee about 2.2 million loans in the next budget … (0 comments)
first time homebuyers tax credit: First-Time Homebuyer $8000 Tax Credit (2009)
- 03/14/09 03:41 AM
Blogging From The Desk of Alicia Lagarde-Craig The recently passed American Recovery and Reinvestment Act, including the $8,000 tax credit for first-time buyers, presents an excellent opportunity for buyers ready to take advantage of today’s affordable market. Nonetheless, many first-time buyers might be unsure just exactly how the tax credit works or how it improves upon a similar credit offered last year. I hope this blog will help you to understand the advantages of the $8,000 tax credit and capitalize on this financial incentive before it is no longer available. … (1 comments)
Homebuyer Tax Credit Closer to Extension
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