November 10, 2009
Below is a Q and A from the National Association of Home Builders (NAHB) website about the tax credit, www.federalhousingtaxcredit.com. Thanks NAHB!
What is the definition of a move-up or repeat home buyer?
The law defines a tax credit qualified move-up home buyer (“long-time resident”) as a home owner who has owned and resided in a home [...]
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November 5, 2009
In what feels like great relief after a hard fought battle, the House of Representatives voted almost unanimously this morning (403-12) to extend the existing first time homebuyer tax credit. Here are some of the details:
“The new tax credit extends the existing credit for first-time homebuyers, worth up to $8,000, and offers a new credit [...]
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