refundable: Key Details of the $8,000 Federal Tax Credit for Salt Lake City, Utah Area Homebuyers
- 02/19/09 05:18 AM
Key Details of the $8,000 Federal Tax Credit for Utah Homebuyers Buy a home between January 1, 2009 and December 1, 2009. Get $8,000 Federal Tax Credit when you file your 2009 Tax Return (or sooner, see below). This does not have to be repaid. (UNLESS: You sell the home within 3 years) If you and your spouse make a combined income of less than $150,000 annually (or if you are single and make less than $75,000 annually), you qualify for the full $8,000 tax credit. If you make more than that, you may qualify for a partial tax credit. You (9 comments)
refundable: What You May Not Hear About The Housing And Economic Recovery Act of 2008
- 07/30/08 11:47 AM
The Housing and Economic Recovery Act of 2008 was signed today and that could mean you or someone you know may qualify for up to a $7,500 Refundable Tax Credit. But... Be Informed There are some strings attached to this tax credit that you may not be aware of: (Click here for A simple overview of how the $7,500 Refundable Tax Credit for first time homebuyers works) 1. First, the biggie: You may have to pay this tax credit back! I can hear you saying, "What!?" Let me explain: Think of the Refundable Tax Credit as a 0% loan from the (3 comments)
refundable: The Housing and Economic Recovery Act of 2008 - How First Time Home Buyers can get a $7,500 Refundable Tax Credit
- 07/30/08 11:44 AM
The Housing and Economic Recovery Act of 2008 was signed today and that could mean you or someone you know may qualify for up to a $7,500 Refundable Tax Credit. A simple overview of how it works You are eligible if: You are a first time home buyer (meaning neither you nor your spouse has owned a principal residence (home, townhouse, condo, etc.) in the last 3 years. You purchase(d) a home "on or after April 9, 2008, and before July 1, 2009". Your Modified Adjusted Gross Income is less than $150,000 (for married taxpayers) or less than $75,000 (for single (0 comments)