First time home buyer tax credit

By
Real Estate Broker/Owner with Prudential Preferred Real Estate

I have attached a a link about a tax credit for first time homebuyers.  It may not apply to you, but it is useful information for anyone you know whom it does.  I had heard about it previously, but had not seen the details.  Specifically I did not know there was a recapture clause, and that theoretically the government should recoup a majority of this money over time.   Now there is an attempt to cancel the recapture clause facing Congress, so keep an eye on this if you think it could help you.

http://www.realtor.org/wps/wcm/connect/105bf0004ab5f8aaba07bb36cd5b788e/chart_homebuyer_tax_credit_.pdf?MOD=AJPERES&CACHEID=105bf0004ab5f8aaba07bb36cd5b788e

 

 

Comments (1)

Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     We invite you back to ActiveRain.  Log in, leave some comments, write a blog post!

Nov 17, 2017 07:30 PM