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Key takeaways. The first-time homebuyer tax credit no longer exists; the U.S. government offered this program for first-time homebuyers from 2008-2010.
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 ...
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 ...
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).
Even though we're firmly in the midst of the 2009 tax season, you may still be able to claim the homebuyer credit for a purchase made in 2010 on your 2009 tax return. The Worker, Homeownership and ...
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 ...
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.
The first-time homebuyer credit was a tax credit for individuals and families who purchased a new home between April 9, 2008 and April 30, 2010, according to the IRS.