Top 5 Tax Credit Tips for New Homeowners
‘Tis the season to file your taxes! It’s the gift that can keep on giving once we know how to do them. So here’s five quick and easy steps to a bountiful tax return: 1) Get professional help. You can miss so many extra deductions just because you didn’t know they existed. 2) Keep your [...]
Tax Credit Got Extended!
Congress has sent President Obama a plan to give homebuyers an additional three months to finish qualifying for federal tax incentives that boosted home sales this spring. The legislation would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until [...]
Senate Approves Home Tax Credit Extension
The Senate on Wednesday approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring. The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under [...]
Proposal to Extend Tax-Credit Closings to September 30
The National Association of REALTORS® today expressed thanks on behalf of America’s homebuyers to three Senators for introducing a measure to extend the present home buyer tax credit closing deadline to Sept. 30. They are Senate Majority Leader Harry Reid, D-Nev., and Sens. Johnny Isakson, R-Ga., and Chris Dodd, D-Conn. “As the leading advocate for [...]
Important: Extended Tax Credit Not Yet Approved
In response to current media reports, please note no formal vote has been taken on the floor of the U.S. Senate regarding extension of the U.S. home-buyer tax credit. Thus far, only U.S. Senate leaders of both parties, key Senate Finance Committee members, and tax credit sponsors Dodd-Lieberman-Isakson have agreed on extending and expanding the [...]
First Time Home Buyers’ Tax Credit Can Be Used As Down Payment
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment. Previously, most buyers wouldn’t receive the funds until after they filed their tax return, and [...]
