tax credit: The Countdown has begun
- 09/14/09 11:03 AM
As we move from summer into fall, the countdown has begun for first time purchasers to earn a homebuyers tax credit of up to $8000 on their 2009 federal income tax. The American Recovery and Reinvestment Act of 2009 provides the credit to home buyer's who have not owned a home in the past three years. To qualify for the full $8,000 tax credit, couples filing jointly must earn less than $150,000 in adjusted gross income for 2009 and the home must be closed on by November 30 of this year. The credit will go away on December 1, 2009. The … (2 comments)
tax credit: Don’t kick yourself for your inaction
- 04/27/09 09:23 AM
While I am not an accountant and don't give tax advice I do know a great opportunity when I see one. Therefore I felt it imperative that this month's article address the tax incentives that are provided in the economic stimulus bill recently passed by congress with regard to real estate. First there is an up to $8,000 tax credit for first-time homebuyers. A first-time homebuyer is anyone who has not owned a home in the past three years. To qualify for the full $8,000 tax credit, couples filing jointly must earn less than $150,000 in adjusted gross income for 2009 … (0 comments)
As we move from summer into fall, the countdown has begun for first time purchasers to earn a homebuyers tax credit of up to $8000 on their 2009 federal income tax. The American Recovery and Reinvestment Act of 2009 provides the credit to home buyer's who have not owned a home in the past three years. To qualify for the full $8,000 tax credit, couples filing jointly must earn less than $150,000 in adjusted gross income for 2009 and the home must be closed on by November 30 of this year. The credit will go away on December 1, 2009. The … (2 comments)
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