Archive for the 'Taxes' Category
Tax Credit Updates for May 2010
Housing starts and home sales got a nice bump in March and April as the $8,000 tax credit for first-time buyers came to a close. The landmark program, along with its $6,500 companion credit for existing homeowners, has helped prop up the flailing housing market and inject some confidence into the gr…
8000 Tax Credit Tax hoax?
As with many good things in life – there are always a few public who are doing what they shouldn’t. In that case, there are quite a few public claiming that they are eligible for the 8000 tax credit when in fact they are not eligible for whatever reason.
If someone tries to claim the 800…
6500 Tax Credit For Move Up Buyers
With the success of the $8000 tax credit for first instance home buyers in 2009 – Congress has recently decided to add an additional incentive for society who are not first duration home buyers – but move up home buyers.
Move up home buyers are those citizens who currently own a home, bu…
8000 Tax Credit Extended and Expanded
Recently, the $8000 tax credit was extended and expanded to plus include a $6,500 tax credit for move up buyers. The tax credit has been popular with citizens who are first date home buyers and there was quite a bit of discussion as to whether or not Congress would/should extend the deadline beyond …
Too Late For First date Home Buyer Tax Credit?
Is it too late to claim the first day home buyers tax credit?
No.
As it stands now, it officially ends on November 30, 2009 – which means whether you are currently under contract and are in process of getting financing, you will still probably close in day to claim the $8,000 tax credit.
But w…
