I think most people think of Obama's tax credit as the same as taking the tax deductions off their taxable income. Here's as good a response to that misnomer as I've read. It sounds too good to be true, but it's not.
For example, if a qualified home buyer has federal income tax liability of $5,000 qualified for the $8,000 home buyer tax credit. As a result, the taxpayer would receive a check for $3,000 ($8,000 minus the $5,000 owed). That's a stimulus!.
So, is this going to turn the market around? I've never heard about anything so good as that! It should! My partner just took advantage of it. That's a lot of money!
And how did she find her home? Our website!
Comments(2)