All Posts Tagged With: "$8000"
Time Winding Down for First-Time Military Borrowers To Get Tax Credits
The government’s landmark tax credit program for first-time home buyers is starting to drift back in focus again as tax day approaches. The unique $8,000 credit for new buyers and $6,500 credit for existing homeowners helped inject stability into the slumping housing market during 2010. Consumers and some industry observers have pushed for a renewal [...]
3Mar2011 | Chris Birk | 0 comments | Continued
A Basic Guide To Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th. But for those with real estate the load is made lighter by tax [...]
11Nov2009 | Peter G. Miller | 0 comments | Continued
Making The First-Time Buyer Tax Credit Better — Or Worse?
There is now a new effort on Capitol Hill to increase the first-time buyer credit from $8,000 to $15,000. Under S1230, first-time buyers would be able to get a credit equal to as much as 10 percent of the purchase price, up to $15,000. Not only that, but the time the home would have to [...]
19Jun2009 | Peter G. Miller | 0 comments | Continued
500,000+ Grab First-Time Homebuyer Credit
More than 500,000 buyers have used the first-time homebuyer credit to purchase a home. Amazingly enough, more than 38,000 buyers have already claimed the write-off but do not qualify. Why? In most cases because they owned a home during the past three years. Figures from the Treasury Inspector General for Tax Administration show that a [...]
24Apr2009 | Peter G. Miller | 1 comment | Continued
Uncle Sam’s $8,000 For First Time Home Buyers
The government is hoping if you don’t now own a home that you’ll make the logical choice and buy one this year. If you do, there’s an $8,000 credit from Uncle Sam available to help you out. Last year the government announced that if you were a first time buyer and bought a home that [...]
21Feb2009 | Peter G. Miller | 0 comments | Continued
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