President Obama signed bill H.R. 3548, extending unemployment benefits for all states and extending the $8,000 Tax Credit for first home buyers. The bill also creates a $6,500 tax credit for those home buyers who have owned their current primary residence for at least 5 years. See ‘Housing Tax Credits’ for more details. You can also see how congress voted.
Remember: The $6,500 tax credit took effect when the President signed the bill.
DHW asks: Will this encourage you to buy a home?
Tags: $6500, $8000, $8000 tax credit, 6500 tax credit, 6500 tax credit extension, 8000 tax credit extension, bill h.r. 3548, business assistance act of 2009, buyers, congress, extension, first time buyers, first time homebuyers, foreclosure, guidelines, h.r. 3548, Home Builders, home buyers, home sales, home seller, home values, homebuyers, Homeownership, Housing, housing credit extension, housing news, housing prices, housing report, HR, hr 3548, lender, loan, national association of realtors, Obama, President, president barack obama, President Obama, Real Estate, real estate news, realtors, Sales, seller, senate, tax credit, tax credit extension, unemployment, Worker, worker home ownership and business assistance act of 2009, worker homeownership and business assistance act of 2009
Posted in $6500, $8000, Housing Article, President Obama, housing tax credit, housing tax credits | No Comments »
Senate Democrats reached a much sought-after agreement to extend the $8,000 tax credit for first time home buyers. Their plan would also extend the tax credit to those buyers who have owned their current residence for at least five years (these buyers would receive a $6,500 tax credit).
Under the new agreement, the tax credit will be available to those individuals earning up to $125,000, and up to $250,000 for couples. The previous guidelines capped income at $75,000 for individuals and $150,000 for couples. More details are to be worked out.
DHW asks: Do you think the Federal Tax Credit should be extended?
Tags: $8000 tax credit, 6500 tax credit, 6500 tax credit extension, 8000 tax credit extension, democrates, expanded housing tax credit, expanded tax credit, extension, first time buyers, first time homebuyers, home buyers, homebuyer, Housing, housing credit extension, housing news, Real Estate, real estate news, senate, senate democrates, tax credit, tax credit extension
Posted in $6500, $8000, 2010, H.R. 3548 Worker Homeownership and Business Assistance Act of 2009, Housing Article, congress, first time home buyer, first time home buyers, housing tax credit, housing tax credits, unemployment | No Comments »
Senate majority leader Harry Reid wants the $8,000 tax credit extended through March 31st. The Democrat’s plan calls for a $2,000 reduction in value for each of the subsequent quarters of 2010.
DHW asks: Do you think the Federal Tax Credit should be extended?
Tags: $8000, $8000 tax credit, 8000 tax credit extension, congress, democrats, extension, first time home buyers, first time homebuyers, harry reid, home buyers, homebuyers, Housing, housing credit extension, housing news, Real Estate, real estate news, senate, tax credit extension
Posted in $6500, $8000, H.R. 3548 Worker Homeownership and Business Assistance Act of 2009, Housing Article, housing tax credit, housing tax credits | 2 Comments »
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Apr | ||||||
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | |||
DesperateHouseWise.com is proudly powered by
WordPress
Entries (RSS)
and Comments (RSS).