Archives by Tag 'tax credit'
Final week is here if you plan on taking advantage of the home buyer tax credit!
We are now heading into the final week of the Government’s home buying tax credit program. First time home buyers and repeat buyers have until April 30th to negotiate and have an offer accepted between them and the home seller. Since this is the final week you need to make sure all of your [...]
Home buyer tax credit extended for some in the U.S. Armed Forces
The first time home buyer and long term resident tax credit are scheduled to end for most home buyers on April 30, 2010. However for some members of the U.S. Armed Forces the time to purchase a home in order to qualify is extended. According to IRS Publication 3 “Armed Forces’ Tax Guide”, the [...]
The current home buyer tax credit is scheduled to end on April 30, 2010
The current home buyer tax credit is scheduled to end on April 30, 2010. Buyers who have not executed a contract to purchase with a seller by that date will not be able to take advantage of the up to $8,000 for a first time home buyer and up to $6,500 for a qualifying repeat [...]
Jack be nimble, Jack better be quick if he wants to take advantage of the home buyer tax credit
Jack and Jill need to be quick if they plan on jumping on the first time tax credit being offered as part of the Government’s efforts to revive the housing industry. Buyers can receive up to $8,000 if they close on a home by November 30th of this year. The time required to get [...]
FHA will allow homebuyers to apply the Obama Administration’s new $8,000 first-time homebuyer tax credit
Buyers using FHA financing may be able to take advantage of first time home buyer tax credit prior to closing. FHA will allow buyers who qualify to use tax credit for additional down payment, closing cost. Full report Similar posts: Discriminacion Es Ilegal Why should I consider an FHA mortgage?
Is the $8,000 tax credit only for first time buyers?
Q: Is the first time homebuyer tax credit only for first time homebuyers? Yes, the $8,000 tax credit is for first time homebuyers only. A first time homebuyer being defined as someone who has not purchased a home in the past 3 years.
I bought my home in January 2008, do I qualify for the $7500 tax credit?
Q: I bought my home in January 2008, do I qualify for the $7500 tax credit? Currently the $7500 tax credit is only available for purchases on or after April 9, 2008.
New tax credit set to roll out
Reports are that the first time home buyer tax credit will be raised to $8,000 per qualified household with no repayment requirements. More information to follow.