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A first time homebuyer tax credit offers a direct reduction of the amount of income tax you owe. ... (later increased to $8,000), which had to be repaid in equal installments over 15 years. Under ...
Homebuyers who took advantage of the $8,000 federal tax credit but are unable to close by the June 30 deadline may have gotten a reprieve yesterday. On Wednesday afternoon, the Senate OKd a ...
Homebuyer credit House – $2.6 billion to repeal a requirement that a $7,500 first-time homebuyer tax credit be paid back over time for homes purchased from Jan 1 to July 1, unless the home is sold within three years. The credit is phased out for couples making more than $150,000.
Fed legislation would create $15,000 tax credit for first-time homebuyers. Gannett. Wheeler Cowperthwaite, Providence Journal. ... That was increased to $8,000 in 2009, according to the IRS.
Besides extending the $8,000 tax credit for first time home buyers until April 2010, the Act also provides a $6,500 tax credit for current homeowners who purchase a home between November 6, 2009 and end of April 2010. [7] The Act also increases the income limits to qualify for the credit.
WASHINGTON -- Buying a home is about to get cheaper for a whole new crop of homebuyers -- $6,500 cheaper. First-time homebuyers have been getting tax credits of up to $8,000 since January as part ...
We had a few months of good news for the housing markets, as homebuyers rushed to take advantage of the $8,000 federal homebuyer tax credit. But leading indicators for the housing market -- from ...
It appears Uncle Sam will keep propping up the still shaky real estate market for months to come. The Senate last night voted to extend the $8,000 first-time home buyers tax credit, and the House ...
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