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A first time homebuyer tax credit offers a direct reduction of the amount of income tax you owe. The U.S. federal government offered a tax credit program to first-time homebuyers (including those ...
What would the bill do? The bill would create a refundable tax credit worth up to 10% of the purchase price of a house, with a maximum of $15,000. To qualify for the maximum credit, the purchase ...
The first-time homebuyer tax credit encouraged many buyers to take the leap in 2010. Though the deadline to close on a qualifying home purchase was Sept. 30, 2010, those buyers who did qualify now ...
Included a first-time home buyer refundable tax credit for purchases on or after April 9, 2008 and before July 1, 2009 equal to 10 percent of the purchase price of a principal residence, up to $7,500. Phased out the credit for taxpayers with incomes over $75,000 ($150,000 for joint returns).
The first-time homebuyer credit was a tax credit for individuals and families who purchased a new home between April 9, 2008 and April 30, 2010, according to the IRS.
The first time home buyer tax credit has officially been extended. If you're an existing home owner you may also qualify for the tax credit if you're planning on buying a new house! Check out this ...
While Sen. Bill Nelson (D-Fla.), pictured left, wants to talk about renewing the homebuyer tax credit, just about everyone else is discussing whether or not to change the mortgage deduction. Over ...
Do you dream of owning your own home? With interest rates near rock bottom (if you can qualify), housing prices down hugely from three years ago, and the government dangling a hefty tax credit in ...