The American Recovery and Reinvestment Act of 2009 (H.R. 1) was approved and signed into law on February 17, 2009. The Act is a $780 billion package. Many elements of the National Association of Realtors® legislative housing agenda were incorporated into the Act. The President and congressional leaders have indicated that housing issues will be further addressed in upcoming legislation.
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Homebuyer Tax Credit – The Act provides an $8,000 tax credit … (0 comments)
2009 economic recovery act: 2009 Economic Recovery Act - First Time Homebuyers Fast Facts
- 02/19/09 04:08 AM
By Jeff Geoghan for Coldwell Banker The 2009 Recovery and Reinvestment act modifies the 2008 first-time homebuyers tax incentives in important ways. If you’re looking to buy your first home this year, you need to be in the know of how this legislation will affect your tax benefits! Here’s a snapshot of the current program for purchases made between 1/1/09 and 12/31/09: Tax Credit Amount - $8,000 Eligible Properties – All homes eligible as long as used for primary residence. Refunds Applicable? – YES. If credit exceeds your net tax liability for 2008 or 2009 (you choose which), then you will … (0 comments)
Wondering about the detais behind the 2009 "Stimulus" Law and what affects the real estate market in Central Pennsylvania? Here's a summary of the details:
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