First Time Home Buyer Tax Credit Included In Stimulus Bill 2009

What was once an all inclusive tax credit for home buyers looks to have been reduced to a tax credit only for first-time home buyers.  As we wait for final passage of the Stimulus Bill of 2009 there are early indications of a first time home buyer tax credit of $8,000 which does not have a [...]

Home Buyers Tax Credit Reduced to $8,000 In Final Stimulus Package

See the final results of the Stimulus Bill 2009 / American Recovery and Reinvestment Act as it pertains to the housing tax credit. Washington has decided to slash and burn consumer incentives in the finalization of the stimulus bill. Instead of programs designed to help consumers, funds have been directed to “safety net” social programs such [...]

$15,000 Home Buyer Tax Credit Passes In Stimulus Bill Of 2009

See the final results of the Stimulus Bill 2009 / American Recovery and Reinvestment Act as it pertains to the housing tax credit. ‘‘ IN GENERAL.—In the case of an individual who is a purchaser of a principal residence during the taxable year, there shall be allowed as a credit against the tax imposed by [...]

Senate Increases Home Buyer Incentives To $15,000

See the final results of the Stimulus Bill 2009 / American Recovery and Reinvestment Act as it pertains to the housing tax credit. The news keeps getting better for home buyers as it pertains to the Stimulus Bill.  Georgia Senator Johnny Isakson’s amendment has passed which means that it will most likely be included in [...]

First Home Buyers Stimulus Bill 2009..$7500 No Payback Credit?

See the final results of the Stimulus Bill 2009 / American Recovery and Reinvestment Act as it pertains to the housing tax credit. The stimulus bill that goes before the Senate includes revisions to the The Housing and Economic Recovery Act of 2008 which could be good news for first time home buyers.  The stimulus [...]

First-Time Home Buyers Tax Credit

Whether it’s a condo or a house, purchasing a home can be a mind-boggling experience, especially when it comes to closing costs and down payments. The good news is, first-time home buyers can now benefit from the Housing Stimulus Bill that President Bush signed into law on July 30, 2008. A portion of the heavy [...]