Looking for the IRS form needed to claim your home buyer tax credit? Click here.
Who is eligible to claim the $6,500 tax credit? Qualified move-up or repeat home buyers purchasing any kind of home are eligible to claim this credit. 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 person who has owned [...]
I’m posting two tax credit details as I received them from the National Association of Realtors. The first is a podcast from the President of NAR: Click here to listen. The second is a graph of the differences from the 2009 rules versus the NEW 2009/2010 extension rules: Click here to view.
The Senate has voted last night (11/4) to extend and expand a popular tax credit for homebuyers that was scheduled to expire Nov. 30. The House is expected to schedule a quick vote on the bill as early as today 11/5 as part of a package that also extends unemployment benefits for people out of [...]
This is an update I received on Friday from one of my preferred lenders on the $8000 First-Time Home Buyer tax credit extension: “Senate leaders have agreed on an extension of the $8,000 first-time homebuyer tax credit along with a new $6,500 tax credit for move-up buyers, but it is unclear when the chamber will [...]
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