The End Of The First-Time Home Buyer Tax Credit (Video)
The government’s First-Time Home Buyer Tax Credit program expires November 30, 2009 — a scant 60 days from today.
Considering it can take up to 60 days to close on a home, first-time buyers have 2 weeks at most to find a home.
Buyers not under contract by October 15 have little chance of...
First-Time Homebuyer Tax Credit – Frequently Asked Questions
What is a tax credit?
A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed.
Unlike the tax credit that existed in 2008, this...
First Time Homebuyer and Seller Alert!
General Points to Consider – Buyer and Seller
The expiration date of the tax credit is November 30, 2009. Close December 1, as of now, and any qualifying buyer will not receive the tax credit. With the 30th falling on the Monday following Thanksgiving, where possible work towards a closing date of...
First Time Home Buyers $8000 Tax Credit
Posted by William Doom in Featured Articles, First Time Home Buyer, Mortgage on 04 24th, 2009 | No Comments
Not only are prices great and mortgage rates low, but there is also an $8,000 Tax Credit for First Time Home Buyers which equates to now is a great time to buy a home!
So what defines a First Time Home Buyer? The IRS website states that a first time home buyer is anyone that has not owned a home in the...
Update On 2009 First-Time Homebuyers Taxcredit
Rer IRS Website:
This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase...
