Filed under: Personal finance, Housing
As expected, the popular home buyers tax credit has been extended. In fact, it is even more attractive.
OK, let’s first look at the extension of the current program, which includes a maximum $8,000 credit for first-time home buyers (which is someone who hasn’t owned a home in the past three years). The home must be a principal residence and the value may not exceed $800,000 (the credit is either 10% of the value of a home or $8,000, whichever is less). The credit is also refundable, which means that you can still get money even if you do not owe taxes.
Continue reading A new and improved home buyers tax credit?
A new and improved home buyers tax credit? originally appeared on BloggingStocks on Fri, 06 Nov 2009 14:30:00 EST. Please see our terms for use of feeds.
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