home buyer tax credit: Valuable information for home buyers and sellers.
- 03/26/10 10:41 AM
Valuable information for home buyers and sellers. Buying a home is one of the biggest decisions an individual can make, so it is understandable that someone considering a home purchase may take their time to avoid rushing into such a large financial commitment. However, several factors might leave prospective homebuyers who don't purchase a property now wishing they had taken action sooner. According to James M. Weichert, president and founder of Weichert, Realtors, these are three reasons why those who are not under contract to purchase a new home by April 30 might regret it: No money from Uncle Sam. First-time … (2 comments)
home buyer tax credit: Valuable information about the tax credit for home buyers and home sellers
- 02/26/10 08:38 AM
Valuable information about the tax credit for home buyers and home sellers First-time home buyers and current homeowners looking to take advantage of the home buyer tax credit have only two months left to get under contract on their home purchase. Eligible buyers must enter into a contract by April 30, 2010, and close the transaction no later than June 30, 2010. Here are some lesser-known facts about the tax credit to keep in mind: The tax credit can be claimed for detached houses, condominiums, townhomes, co-ops or a mobile home, manufactured house or travel trailer that is affixed to land. A … (0 comments)
You've decided to purchase a home and take advantage of the Extended Home Buyer Tax Credit. Here's what you have to do to get your benefit: 1. Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract by April 30, 2010 and close by July 1, 2010. 2. Decide whether to: • apply the credit to your 2009 tax return, filed on or before April 15, 2010; • file an amended 2009 return; or, • apply the credit on your 2010 return, filed on or before April … (0 comments)
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