Sentences with phrase «time homebuyer tax credit»

If you are planning to buy your first home in 2017, you should know about first time homebuyer tax credits so you can reduce your taxes.
If you bought your first home in 2016 — or you're hoping to buy one in 2017 — it can pay to familiarize yourself with first - time homebuyer tax credits so you can take advantage of tax breaks that lower your tax bill.
You still have time to take advantage of the first - time homebuyer tax credit of up to $, 8000.
New York state introduces first - time homebuyer tax credit Governor David Paterson announced today that New York will offer a federal income tax credit to first - time homebuyers starting early September to encourage home sales.
First - time homebuyers taking advantage of the first - time homebuyer tax credit dominated Realtors» business during the third quarter, accounting for more than half the transactions of 21 percent of Realtors.
The expiration of the first - time homebuyer tax credit surely didn't help matters.
Tax Tip # 8: If you claimed the First - Time Homebuyer Tax Credit when you bought the home, there are special rules that apply to the sale.
The first time homebuyer tax credit really does offer a great opportunity for buyers.
«I was fortunate enough to visit Capitol Hill and speak with legislators prior to the extension and expansion of the first - time homebuyer tax credit in November, and I congratulate Congress and the Administration on the passage of the «The Worker, Homeownership, and Business Assistance Act of 2009»,» said Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate LLC.
WASHINGTON - Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan today announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration's new $ 8,000 first - time homebuyer tax credit toward the purchase costs of a FHA - insured home.
«The 1st time homebuyer tax credits (CA & Federal) were key to my business this year.
First Time Homebuyer Tax Credit A non-refundable tax credit based on an amount of $ 5,000 and worth up to $ 750 for 2009.
Ok, so back to first time homebuyers — in addition to all the first time homebuyer rebates that exist, there are also first time homebuyer tax credits.
The first - time homebuyer tax credit of 2010 resulted in a record - high market share of 50 percent for novice buyers.
It offers homeownership loan programs, first - time homebuyer tax credits and emergency mortgage assistance.
Excluding November 2009, when demand was bolstered by the expiration of a federal government first - time homebuyer tax credit, sales last month were the strongest in more than eight years.
Both Charlie Crist and Kendrick Meek said Sunday that they support the revival of an $ 8,000 first - time homebuyer tax credit.
(CNN)- Two of the three candidates running for U.S. Senate in Florida said Sunday that they support the revival of an $ 8,000 first - time homebuyer tax credit, but the Obama administration's housing chief said «it's too early to say» whether it will be offered again.
Barring an extension by congress, the $ 8000 First Time Homebuyer Tax Credit and the $ 6500 Move - up / Repeat Homebuyer Tax Credits are set to expire on April 30, 2010.
The first time homebuyer tax credit was originally due to expire in November 30, 2009 before it was extended by congress.
My wife and I bought our first home in April 2010 and received the full $ 8000 First - Time Homebuyers tax credit.
I'm a little disappointed I have to wait a little longer, but I also had to mail in my refund this year in order to take the first - time homebuyer tax credit.
The Congress and the Obama Administration extended and expanded the wildly popular 2008 first - time homebuyer tax credit.
Alternatively, with the recent implementation of the new $ 6,500 «move up» homebuyer tax credit to complement the existing $ 8,000 first - time homebuyer tax credit, some homeowners now have additional incentive to purchase a larger home rather than simply add on, at least for the time being.
Coupled with extremely low mortgage rates, the $ 8,000 first - time homebuyer tax credit is an unbelievable benefit.
In addition to the new home sales, the $ 8,000 first - time homebuyer tax credit has ignited the purchase market, along with low current mortgage rates.
Add this credit to the $ 7500 first time homebuyer tax credit and you get at least 8000 reasons to buy this year if you can swing it.
Let's re-start the first - time homebuyer tax credit.
When last we left off with the first - time homebuyer tax credit, first - time purchasers could get as much as $ 8,000 in yummy tax reductions if only they would please, please buy a home and buy one before December 1st.
Claiming the First - Time Homebuyer Tax Credit does not necessarily disqualify you from claiming another credit for homeowners (for example, the Mortgage Interest Credit).
Therefore, 2010 was the last year in which the First - Time Homebuyer Tax Credit was available to all taxpayers.
The First - Time Homebuyers Tax Credit (FTHBC) is an expired tax credit that was available for 2010 and earlier tax returns.
You've probably heard that the federal first - time homebuyer tax credit was extended to those who close escrow by June 30, 2010; however, you may not be aware that many homebuilders are offering even m...
«The first - time homebuyer tax credit has been a great tool to get prospective buyers off the fence,» says Vanderblue.
RISMEDIA, November 11, 2009 — Like many first - time homebuyers across the country, Jen Bond and Matt Huisking were motivated to get off the sidelines and into the real estate market when the First - Time Homebuyer Tax Credit was enacted in early 2009.
One of the policies I signed into law as president was an expansion of the first - time homebuyer tax credit that helped more than 2.5 million families purchase a home for the first time.
Eliminate the repayment feature of the first - time homebuyer tax credit and expand it to all buyers.
HUD provides complete details in a May 29 Mortgagee Letter on «Using First - Time Homebuyer Tax Credits» (2009 - 15) that went to its approved lenders.
The first - time homebuyer tax credit is much to blame for this difference.
«If you look at the period of short - lived recovery under the first - time homebuyer tax credits, the foreclosure market was still in the midst of rapid deterioration with the influx of delinquent mortgages,» Mayer says.
Debbi Burright knows just how powerful the first - time homebuyer tax credit can be.
NAR is pushing for a lame - duck session of Congress to make conforming high - cost loan limits of $ 729,750 permanent and to eliminate the repayment requirement in the first - time homebuyer tax credit.
Plus, with MI Homes new promotion The Power of 8, first - time buyers have an even greater advantage: $ 8,000 in options on top of the government's first - time homebuyer tax credit, which is ending soon.
In addition to loan programs, be sure to learn about the First - Time Homebuyer Tax Credit to maximize your savings.
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