Homebuyer's Tax Credits
Home Buyer’s Tax Credit Ending Soon
The First Time Home Buyer’s Tax Credit of up to $8,000 and the expanded credit of up to $6,500 for existing homeowners who qualify is approaching an important deadline. A buyer wanting to qualify for the credit, must have the home they are purchasing under contract by April 30th. That means you need to find [...]
Read More...Federal Reserve Chair, Bernanke Says Interests Rate to Remain Low
Many are lenders have been predicting that interest rates will be going up soon. A buyer was even told that they should lock their rate soon before the rates go up the first of April. Because of that this report of Bernanke’s opinion that interest rates will remain low is a relief. Even so, those [...]
Read More...Guidance on New $6,500 Tax Credit for Repeat Home Buyers
If you have questions about the the $6,500 tax credit for repeat home buyers, the IRS has published guidance to help consumers better understand the requirements. This Washington Post article gives an explanation of the credit and provides a link to the IRS for more information. A little research led me to this IRS link [...]
Read More...Homebuyer Tax Credit Update
NAR Issue Brief
Homebuyer Tax Credit Changes
National Association of REALTORS® Government Affairs Division
500 New Jersey Avenue, NW, Washington DC, 20001
Congress has extended and expanded the homebuyer tax credit. The modifications in the column labeled “December 1 – April 30, 2010” become effective when President Obama signs the bill. All changes made to the current credit become [...]
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