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WASHINGTON — Eligible taxpayers who contracted to buy a home, qualifying for the first-time homebuyer credit, before the end of April now have until Sept. 30, 2010 to close the deal, according to the Internal Revenue Service.
The Homebuyer Assistance and Improvement Act of 2010, signed by the President today, [...]
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First-time home buyers will be eligible for a $10,000 tax credit under legislation signed this week by Gov. Arnold Schwarzenegger (R-Calif.)
The governor believes there is historical evidence from the San Joaquin Valley that suggests the tax credit could stimulate the economy.
“La Ventana Homes (in Fresno) saw a 300-percent increase in sales when the tax credit [...]
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New York State yesterday rolled out a mortgage tax credit for first-time home buyers, a federal income tax deduction that can be taken each year they pay interest on the loan.
The program, called the Mortgage Credit Certificate, would allow home buyers to take a dollar-for-dollar deduction of 20 percent of mortgage interest paid, Gov. David [...]
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The American Recovery and Reinvestment Act of 2009 expands the first-time homebuyer credit to include purchases made before Dec. 1, 2009.
The IRS announced Feb. 25 that for first-time homebuyers who purchase in 2009, the maximum credit is $8,000 and can be claimed on a buyer’s 2008 federal tax return.
The credit is claimed using Form 5405.
For [...]
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