In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of “move-up” buyers — homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There’s now just 7 weeks left to take advantage. To be eligible, home buyers must be under contract for a new home no later than April 30, 2010, and must be closed no later than June 30, 2010.
Tag Archive: Tax Credit
What Every Florida Home Buyer Needs to Know About the $8000 First Time Home Buyer Tax Credit
TweetFlorida first-time home buyers are in a great position right now, thanks to the $8,000 First-Time Home Buyer Tax Credit. If you’re considering a home purchase between now and November 30, 2009, and you plan to live in your Florida home for 3 years or more, then you simply must take advantage of this true…
Buying Your First Home in Winter Haven? Be Sure to Read Tax Form 5405
Tweet Winter Haven First-Time Homebuyers interested in receiving their $8,000 from the US Government should be on the lookout for form 5405, better known as the First-Time Homebuyer Credit Form. As is often the case with tax-related paperwork, this tax credit form contains a mere 10 fields yet is accompanied by 3 pages of instructions….
Stimulus Package Gives Winter Haven Home Buyers and Homeowners a Boost
TweetNow that Congress has come to an agreement on the $789 billion stimulus package , and President Obama is set to sign in into law – current Winter Haven, Florida home buyers and homeowners should pay special attention to what the new law has in store. The package contains two benefits related to housing. The…
Homebuyer Tax Credit Really a 15 Year No Interest Loan
TweetI’m concerned that more people aren’t speaking openly and often about the fact that the First Time Homebuyer Tax Credit – which is part of the part of the Housing and Economic Recovery Act of 200 – is really an interest free loan for a period of 15 years. The law allows for a…
