Search results
Results from the WOW.Com Content Network
The first-time homebuyer tax credit was an Obama-era program that directly reduced the amount of tax owed by qualifying homebuyers. This particular incentive ended in 2010, and while President ...
The first-time homebuyer tax credit encouraged many buyers to take the leap in 2010. Though the deadline to close on a qualifying home purchase was Sept. 30, 2010, those buyers who did qualify now ...
Included a first-time home buyer refundable tax credit for purchases on or after April 9, 2008 and before July 1, 2009 equal to 10 percent of the purchase price of a principal residence, up to $7,500. Phased out the credit for taxpayers with incomes over $75,000 ($150,000 for joint returns).
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.
Adding insult to injury, around 950,000 homebuyers who claimed the first-time homebuyer tax credit for 2009 will need to return the money. The Inspector General for Tax Administration announced ...
The first-time home-buyer tax credit is set to expire. The New York Times reports that "After several disastrous months for home sales across the country, when volume dropped by 23%, the pace ...
The Senate last night voted to extend the $8,000 first-time home buyers tax credit, and the House followed suit today. The president is expected to.
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.