When the first-time homebuyers tax credit of up to $8,000 was extended last November, Congress also added the repeat-buyer tax credit of $6,500 maximum to be used for homeowners to sell their current home and purchase another one. With the high unemployment rate, the higher credit scores wanted by lenders since earlier this year, the upside [...]
Continue reading...4. March 2010
This is the sixth in a 12-part series of weekly posts on the 2009 Home Owner Tax Credit. To see all the posts in this series, click here.
If you’re interested in buying a home and want to make sure it will qualify for the home owner tax credit, here is the low down on the [...]
18. February 2010
This is the fourth in a 12-part series of weekly posts on the 2009 Home Owner Tax Credit. To see all the posts in this series, click here.
Previous homeowners are not included in the homebuyer’s tax credit. Before this new inclusion, only first time homebuyers were eligible for up to $8,000 tax credit. Now previous [...]
11. February 2010
This is the third in a 12-part series of weekly posts on the 2009 Home Owner Tax Credit. To see all the posts in this series, click here.
The homebuyer tax credit is made possible by the federal government so homebuyers can reduce their amount of taxable income. The federal government hopes this tax credit will [...]
28. January 2010
This is the second in a 12-part series of weekly posts on the 2009 Home Owner Tax Credit. To see all the posts in this series, click here.
Tax credits are a great way to reduce the amount of taxable income you will have to pay to the Internal Revenue Service (IRS). To ensure that you [...]
21. January 2010
This is the first in the 12-part series of weekly posts on the 2009 Home Owner Tax Credit. To see all the posts in this series, click here.
The Difference Between Tax Deduction and Tax Credit
As a homeowner, you are probably familiar with tax deductions. However, this tax season, you may also be eligible for a [...]
9. March 2010
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