first time home buyer tax credit: Home Buyer Tax Credit Deadline is Approaching: April 30, 2010
- 04/02/10 05:16 AM
It's April 2, 2010 and that leaves just 28 more days for home buyer tax credit deadline. To qualify for the home buyer tax credit, you must have an accepted offer on a home by April 30, 2010 and you must close on the home by June 30, 2010. The first time homebuyer tax credit amount is 10 percent of the purchase price of the home, with a maximum available credit of $8,000. To apply for the credit IRS Form 5405 is filed with your federal income tax return. Detailed information on the home buyer tax credit can be found on … (0 comments)
first time home buyer tax credit: Filing Taxes and the First-Time Homebuyer Credit
- 02/25/10 09:02 AM
If you are filing your tax return and qualify for the first time homebuyer credit, Form 5405 needs to be included with your tax return. Click Here for a link to the Internal Revenue Service site and form 5405. Additional information and instructions, can be found at the IRS website. Click Here to link to the IRS page: "New Homebuyer Credit Form Released; Taxpayers Reminded to Attach Settlement Statement and Other Key Documents." *This is for informational purposes only and is not intended as legal or professional advice. Consult a professional attorney or accountant for advice and … (0 comments)
first time home buyer tax credit: Tax Credit Info for First Time and Repeat Home Buyers
- 12/04/09 03:19 AM
Through my REMAX website, a monthly newsletter is published. This article is from the December Real Estate Advisor. Expanded Tax Credit is Good News for First Time and Repeat Home Buyers Alike! Home sellers and potential buyers nationwide welcomed the recent news that Congress had decided to extend and greatly expand the Home Buyer's tax credit in an attempt to further stimulate the economy. Not only does the new legislation extend the existing first time buyer's credit until mid-next year, but it also creates a tax credit for qualified repeat buyers. The change in legislation will relieve home buyers scrambling to … (1 comments)
first time home buyer tax credit: Deadline Approaching for Tax Credit
- 09/15/09 09:34 AM
The deadline is approaching for first time home buyers to take advantage of the 2009 1st Time Homebuyer's $8,000 Tax Credit. The American Recovery and Reinvestment Act of 2009 has an incentive for first-time buyers to purchase a home. The credit is equal to 10 percent of the cost of the home, up to a maximum credit of $8,000. The tax credit ends on December 1, 2009 and requires that the real estate closing happen by November 30, 2009. With an "average" loan approval time frame of 45 days, you will want to have a home under contract … (1 comments)
first time home buyer tax credit: $8,000 Tax Credit as a Down Payment.
- 05/13/09 07:00 AM
The Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment. From Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development: "We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment.” Also from Donovan: FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds … (0 comments)
first time home buyer tax credit: Filing Guidelines for New 2009 Home Buyer Tax Credit
- 03/30/09 07:47 AM
Questions about how to file for the new 2009 Home Buyer Tax Credit? Go right to the source and check out the Internal Revenue Service's instructions. Click Here for the link to "First-Time Homebuyers Have Several Options to Maximize New Tax Credit." From the Internal Revenue Service website, the filing options to consider are: File an extension. Taxpayers who haven’t yet filed their 2008 returns but are buying a home soon can request a six-month extension to October 15. This step would be faster than waiting until next year to claim it on the 2009 tax return. … (0 comments)
first time home buyer tax credit: Limited Time Offer on Free $8,000 Tax Credit
- 02/25/09 08:21 AM
Just in case you haven't already heard, Congress has enacted legislation providing a tax credit of up to $8,000 for first time home buyers. The important thing to remember is that this is a limited time offer. This tax credit is available only for homes purchased between January 1, 2009 and November 30, 2009. The tax credit is equal to 10% of the home's purchase price up to a maximum of $8,000 and is available to first time home buyers only. This 2009 tax credit does not have to be repaid. Call me at 224-627-7581 for … (0 comments)
first time home buyer tax credit: New 2009 First Time Home Buyer Tax Credit
- 02/17/09 08:31 AM
Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers. Homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible. From the National Association of Home Builders: The tax credit is for first-time home buyers only. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. Single taxpayers with incomes up … (0 comments)
It's April 2, 2010 and that leaves just 28 more days for home buyer tax credit deadline. To qualify for the home buyer tax credit, you must have an accepted offer on a home by April 30, 2010 and you must close on the home by June 30, 2010. The first time homebuyer tax credit amount is 10 percent of the purchase price of the home, with a maximum available credit of $8,000. To apply for the credit IRS Form 5405 is filed with your federal income tax return. Detailed information on the home buyer tax credit can be found on … (0 comments)
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