first time home buyer tax credit: Some Members of the Military are still Eligible for the Home Buyer Tax Credit
- 01/16/11 02:36 AM
Some Members of the Military are still Eligible for the Home Buyer Tax Credit The Home Buyers Tax Credit that expired on April 30, 2010 is still available for some members of the military, foreign services and intelligence community. Due to the unique travel requirements of these lines of work, Congress has extended the deadline. For those that qualify a purchase contract must be signed by April 30, 2011 and the sale must close by June 30, 2011. The extension applies to home buyers that meet the following criteria: 1. Buyer must be a member of the uniformed services of the … (1 comments)
first time home buyer tax credit: The First-time Home Buyer Tax Credit, was it a Good Idea?
- 11/10/09 04:35 AM
In my last blog First-time Home Buyer Tax Credit Extended and Expanded I covered the nuts and bolts of how the First-Time Home Buyer Tax Credit has changed. Now it's time to dig a little deeper and examine if this tax credit is a good idea. Cost The first aspect to look at is cost. The previous tax credit cost the federal government approximately $10.8 billion in lost tax revenue through August 22, 2009. The final numbers for its cost through November 30, 2009 are not yet available. Because many people who got the credit were going to buy a home … (2 comments)
first time home buyer tax credit: First-time Home Buyer Tax Credit Extended and Expanded
- 11/07/09 01:13 AM
First-time Home Buyer Tax Credit Extended and Expanded Yesterday the president signed a billed that extended the First-time Home Buyer Tax Credit. This bill also expanded the credit beyond just first-time buyers. The big differences between the original tax credit and the new and improved version are that now current homeowners are eligible for a $6,500 tax credit, the income limits to qualify have been raised, and the new expiration date is April 30, 2010 but if one has a binding contract by the deadline they can still get the credit if they close the sale before July 1, 2010. Below … (0 comments)
Some Members of the Military are still Eligible for the Home Buyer Tax Credit
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