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 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...
First-Time Homebuyer Tax Credit
One of the most exciting new provisions of the Housing and Economic Recovery Act of 2008 is the First-Time Homebuyer Tax Credit. The credit is designed to encourage first-time homebuyers to go ahead and make the leap to purchase their first homes. Combine this tax credit with the fact that home prices...
