homebuyer tax credit – Kerstin G. Brooks, Broker

Special one-year Homebuyer Tax Credit Extension for Members of the Military, Foreign Service and Intelligence Service

Home Buyer Tax Credits Have Expired BUT service members who were on official extended duty outside of the United States for at least 90 days between Jan.1, 2009 and May 1, 2010, may qualify for a one-year extension.) Special rules for eligibility also apply for members of the foreign service and the intelligence community. CongressContinue reading “Special one-year Homebuyer Tax Credit Extension for Members of the Military, Foreign Service and Intelligence Service”

Federal Homebuyer Tax Credit effective through April 30, 2010

Overview of the Federal Homebuyer Tax Credit

Tax Time – A joyful time for homeowners

It is tax time. Yes, I know most people dread this time but for home owners this can be a joyful time. There are some really nice deductions and credits homeowners can take advantage of. Have fun with your 2009 tax filing and save some dough! – tax credit for first time home buyers– taxContinue reading “Tax Time – A joyful time for homeowners”

Smart Homebuyers are focusing on taking advantage of favorable rates along with the Tax Credit

Smart home buyers are focusing on taking advantage of the present, very favorable rate situation along with the still available tax credit. Rates are likely to go up: Please note that the main reason interest rates are so low is because the government is buying mortgage backed securities, or you may have heard the termContinue reading “Smart Homebuyers are focusing on taking advantage of favorable rates along with the Tax Credit”

“First Time Homebuyer Tax Credit Extended” and “A New Tax Credit for Certain Existing Home Owners”

President Obama has signed a bill that extends the tax credit for first-time. The current program had been scheduled to expire on November 30, 2009. In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010. The extensionContinue reading ““First Time Homebuyer Tax Credit Extended” and “A New Tax Credit for Certain Existing Home Owners””