energy tax credits: Non-Repayable Tax Credit for First Time Homebuyers
- 02/16/09 03:22 AM
As part of the new $789 billion economic stimulus plan, first time homebuyers will receive an $8000 tax credit when they purchase a home, an increase over last year's $7500 repayable tax credit. This new non-repayable tax credit is expected to increase home sales by 500,000 units in 2009 alone, according to the National Association of Realtors. The previous repayable credit was only good until June 30th. The new, higher, non-repayable tax credit has been extended to September 1st, 2009. With more money in the homebuyers' pockets, the $8000 tax credit is expected to generate as much as $62,000 of additional … (1 comments)
Tommy blogs about West Virginia real estate as well as market trends, buying and selling real estate and local happenings in Jefferson County, Berkeley County, Morgan County, Hampshire County, Harpers Ferry, Charles Town, Ranson, Martinsburg, Shepardstown, Hedgesville, Berkeley Springs and Inwood.
As part of the new $789 billion economic stimulus plan, first time homebuyers will receive an $8000 tax credit when they purchase a home, an increase over last year's $7500 repayable tax credit. This new non-repayable tax credit is expected to increase home sales by 500,000 units in 2009 alone, according to the National Association of Realtors. The previous repayable credit was only good until June 30th. The new, higher, non-repayable tax credit has been extended to September 1st, 2009. With more money in the homebuyers' pockets, the $8000 tax credit is expected to generate as much as $62,000 of additional … (1 comments)
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