Harrisonblog

A couple of nights ago TV-3 ran this story on the new $8,000 tax credit for first-time home owners. (See my recent post on this subject.) At the end of the story there is some (very, very brief) commentary from yours truly! (My five seconds of fame.)

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In 2008, Congress passed a law that offered a tax credit of $7,500 to anyone who purchases a home for the first time, up until June 30, 2009. Tax credits are better than deductions. Generally speaking, if you are entitled to a tax credit, you get the full amount, even if you owe [...]

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The U.S. Government recently passed the Housing and Economic Recovery Act of 2008. It says that the First-Time Homebuyer Tax Credit “makes a qualifying individual or a couple, who is a first-time homebuyer of a principal residence in the United States from April 9, 2008 through April 1, 2009 eligible for a tax credit not [...]

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