Search results
Results from the WOW.Com Content Network
Tax credits. Your state or local government might offer a mortgage credit certificate that allows you to claim the interest payments on your mortgage for a tax credit up to $2,000 a year.
For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in. ... The first-time homebuyer tax credit was an Obama-era program that directly reduced the amount of tax owed by ...
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 ...
The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
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.
For premium support please call: 800-290-4726 more ways to reach us
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).
April 15 isn't the only tax deadline to be mindful of this month: The first-time homebuyer's credit is winding down this month, too. Taxpayers hoping to qualify for the credit must finalize their ...