Our team has been working diligently to provide you, our faithful readers, and our buyer clients with helpful information regarding the first time home buyer tax credit. Remember, it was extended from a few months ago and now expires at the end of April! (Note: Under the new law, an...
Tag: first time home buyer tax credit
How To Claim Your Home Buyer Tax Credit
Tax season is here, and will be gone before we know it! If you used the first time home buyer tax credit in 2009, or are thinking about claiming the extended tax credit this year, you’ll want IRS Form 5405. For a full set...
Extended Home Buyer Tax Credit: Signed, Sealed, Delivered
President Obama signed the extended home buyer tax credit bill on Friday. So, what does this mean? How does it work? We’ve already gone over some of the major changes to the credit, but here they are again: Both first-timers and existing homeowners would be able to take advantage of...
The New Tax Credit Passed By Congress With Flying Colors!
Yesterday, we posted some news about the first time home buyer tax credit being extended until April, along with some changes to the credit, including allowing existing homeowners $6,500 towards their purchase of a “move-up” home. (Note: There are more details to this new bill, so if you are interested,...
Could The $8,000 Tax Credit Be Extended?
The first-time home buyer tax credit has helped a lot of families across the nation in purchasing a home this year, but it is set to expire at the end of this month. There is a bill going through congress this week, and has already been unanimously agreed upon by...
More Information Regarding the Tax Credit for Down Payments
A lot of chit-chat has been darting back and forth on the web about whether or not folks can actually use the new $8,000 first time homebuyer tax credit for a down payment. Well, the facts are in! If you qualify for the tax credit [click here to read up...