Posts Tagged ‘tax credit’

The First Time Home Buyer Tax Credit…A Year Later

It occurred to me a few days ago that this year is vastly different in shape, feel, and speed than last year. The market is hugely different in how many properties are pending, price ranges selling, speed of sales, and how many players are in the field at one time (meaning buyers and sellers). Then [...]

Federal Tax Credits for Energy Efficient Appliances – Extended!

The 2010 tax credit for Energy Efficient appliances that was set to expire on December 31, 2010 has been extended…with some revisions. The original tax credit had a maximum of $1,500 over the 2-year period (2009 & 2010) (or 30% of your purchase up to $5,000). The revised tax credit has been reduced to 10%, up to [...]

The Tax Credit is Expired – Now What?

As you all know, the tax credit deadline expired at 11:59 pm on Friday, April 30th. If you didn’t find a property to buy and get under contract, you no longer qualify for the free $8k or $6,500 move-up credit. So how do you think April numbers are going to shape up now that the [...]

What Do I Need To Do To Qualify for the $8,000 First-Time Homebuyer Tax-Credit?

So i’m sure everyone knows by now there’s an $8,000 check waiting to be claimed if you haven’t owned a home in the past 3 years…but how the heck do you go about getting it? Well, let me walk you through the process: Step 1: You haven’t owned a house in the past 3 years? [...]

$8,000 First-Time Home Buyer and $6,500 Move-Up Buyer Tax Credit 2009-2010

Enacted on November 7, 2009 – the $8,000 tax credit has been extended and expanded, and has added an additional $6,500 tax-credit for “move-up buyers.” Below is a synopsis of the new regulations: First-Time Buyers $8,000 Tax Credit Must not have owned a principal residence for any part of the past 3 years Income Restrictions: [...]

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