Tulsa Area Real Estate Broker - 918-645-1470 » tax credit

How to Get the Extended Home Buyer Tax Credit

Wayne — Sat, 06 Feb 2010 20:01:14 +0000

Buyers purchasing homes on or before December 31, 2009 may claim the credit on their 2009 tax returns. Buyers purchasing in 2010 will have the option to: * Claim the credit on their 2009 return, even if the purchase is completed after December 31, 2009; * File an amended return for 2009 if their purchase is completed after April 15, 2010; or, * Claim the credit on their 2010 tax returns. [...]

The New Tax Credit For Home Purchase

Wayne — Thu, 10 Dec 2009 02:00:54 +0000

The new tax credit extends the First-Time Home Buyer Tax Credit of up to $8,000. The new tax credit expands the credit to those who currently own a home. The grant is up to $6,500. [...]

New and Improved Tax Credit for Home Buyers

Wayne — Tue, 24 Nov 2009 05:43:57 +0000

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation to continue tax credits for those ready to invest in residential real estate. [...]

First Time Home Buyer’s Dilemma

Wayne — Wed, 09 Sep 2009 05:48:10 +0000

If you want to take advantage of the $8,000 tax credit, don't wait any longer. [...]

$8,000 Tax Credit Can Be Used for Short Term Loan

Wayne — Fri, 26 Jun 2009 04:07:35 +0000

Lenders can now provide short-term loans to first-time borrowers eligible for the $8,000 home buyer tax credit. HUD did not estimate how many FHA buyers would benefit from tax-credit advances. FHA borrowers relying on the lender to finance the tax credit will have to come up with their own money for the 3.5% down payment. But after that, they can use the proceeds from the short-term loans to increase their down payments, cover their closing costs or buy-down their mortgage rate. [...]

The IRS Wants You To Buy A House!!

Wayne — Tue, 05 May 2009 09:18:48 +0000

2009 Homebuyer tax credit:

1. Who is eligible to claim the tax credit?

First-time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the [...]

$8,000 for First Time Home Buyers

Wayne — Fri, 20 Mar 2009 05:51:33 +0000

Final Score = $8,000 for first time buyers

Here are the main points:

1. First time homebuyer: defined as someone who has not owned a principal residence during the 3 year period prior to the purchase of a new or resale home. 2. For the tax credit, the purchase closing (and title transfer and occupancy) [...]

Save Money Now and Later with Energy Efficiency

Wayne — Thu, 19 Mar 2009 18:07:45 +0000

Tax Credits and Energy Efficiency are a great mix. [...]

Home Buyer Tax Credit Available

Wayne — Wed, 18 Mar 2009 05:51:23 +0000

First Time Home Buyer Tax Credit Rebate

Just in case you need additional incentive to stop paying rent and purchase a home of your own, there’s a nice windfall for some home buyers in the awaiting economic stimulus bill.

First time home buyers will be able to claim a tax credit worth up to [...]

First Time Home Buyers – An $8,000 Tax Credit

Wayne — Sun, 01 Mar 2009 04:48:07 +0000

In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale. For 2009, Congress has increased the credit to $8000 and made several additional improvements. This revised $8000 tax credit applies [...]