Posts tagged as:

tax credit

Q & A About the First Time Homebuyer Tax Credit

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 [...]

The Votes are In – First Time Homebuyer Tax Credit Extended and Expanded!

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 [...]

First Time Homebuyer Tax Credit

June 21, 2009

There are a lot of great reasons to buy right now, but one of the most incredible advantages for first time homebuyer’s is the tax credit that was passed in recent months as part of the Recovery and Re-investment Act. You have most likely heard of this, but a lot of people aren’t sure how [...]