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Tag Archives: First-time Home Buyer Tax Credit
A newsletter arrived in my in-box, today, with these manic pronouncements: The week ended on the most dramatically impressive new home sales numbers in 47 years. March’s 26.9% increase was the biggest monthly sales gain since 1963, taking us to … Continue reading
Under the revised terms for tax credit eligibility, a home buyer must enter into a binding sales contract by April 30, and close on the sale no later than June 30, 2010. These deadlines apply to both first-time and repeat buyers. Why, you might ask, are the deadlines so early? Continue reading
On November 6, President Obama signed H.R.3548: Worker, Homeownership, and Business Assistance Act of 2009. It extends and expands the homebuyer tax credit. The tax credit highlights are listed. Continue reading
The extension and expansion of the home-buyer tax credit is now widely expected, but it should be the last, according to Senator Johnny Isakson, Republican of Georgia, the program’s chief proponent. Continue reading
Widespread fraud has been reported in the first-time home buyer tax credit program. It is not clear how this will effect the debate in the White House and Congress over extending and expanding the program. Continue reading
Extending the $8000 home buyer tax credit beyond December 1, 2009 is under serious consideration by the White House and Congressional leaders. An unanswered question is whether it should be expanded to cover all home buyers, or remain soley for first-time buyers. Continue reading