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The dead line for The First Time Homebuyer Credit is November 30, 2009, which is just around the corner. As we know, the Housing and Economic Act of 2008 allows a tax credit of $ 8,000 for qualified first time home buyers. This credit is available for the homes purchased from April 8, 2008 to [...]
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Legislation to extend unemployment benefits and a tax credit for first-time homebuyers cleared a procedural hurdle in the U.S. Senate as Democrats pushed to complete work on the measure this week.
Lawmakers voted 85-2 to move closer to a final vote on the bill, which would extend until April 30 the $8,000 homebuyer credit that otherwise [...]
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Earlier this year when federal lawmakers voted to give first-time homebuyers a tax incentive, they hoped the move would boost home sales.
And that seems to be happening.
The offer of an $8,000 tax credit – combined with low mortgage rates – has lured thousands of buyers to the beleaguered housing market.
Keller resident Joe Palacios is one [...]
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In a policy change that could benefit thousands of people, the federal government announced Friday that its tax credit for first-time homebuyers can now be used to help pay closing costs on mortgages insured by the Federal Housing Administration.
The economic stimulus bill passed in February allows first-time homebuyers a tax credit equal to 10 percent [...]
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