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Tax Credits

Governor Talks up $10,000 Homebuyer Tax Credit in Bakersfield – Tuesday, February 16th 2010

Governor Schwarzenegger’s Tuesday speech in Bakersfield, CA focuses on his proposed $10,000 Homebuyer Tax Credit
Well, he’s hitting the road again with some pretty hard hitting talk about making the $10,000 homebuyer tax credit a reality for potentially 20,000 California home buyers.
Following is the video posted on the Governor’s website as well as all of the [...]

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Slide Show: A Complete Guide to the Extended and Expanded Homebuyer Tax Credit

by Scott Schang November 11, 2009 Slide Shows

If you missed the live Webinar – “A Compete Guide to the Extended and Expanded Homebuyer Tax Credit”, no worries – Here’s everything you need to know in one place.
Due to technical difficulties, I was unable to record the webinar, but here’s the power point presentation – Feel free to drop me a line if [...]

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UPDATE: Homebuyer Tax Credit, Unemployment Bill Advances in Senate

by Scott Schang November 3, 2009 Tax Credits

So far, I’m not eating any crow. There have been no reports about changes to the Homebuyer Tax Credit, it still looks like all of the terms and benefits that I reported last week are standing strong.
I’ve put together a few of the headlines from the last 24 hours about the final VOTE to make [...]

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Homebuyer Tax Credit Extension Will Be Last

by Scott Schang November 1, 2009 Tax Credits

Bloomberg reports yesterday that the vote on the Homebuyer Tax Credit could take place as early as Tuesday, November 3rd:
Oct. 30 (Bloomberg) — Congress could approve extensions of an $8,000 first-time homebuyers’ tax credit and unemployment benefits as soon as Nov. 3, Senate Majority Leader Harry Reid said.
Reid, a Nevada Democrat, said today [...]

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Breaking News: Homebuyer Tax Credit Extended 6 More Months

by Scott Schang October 28, 2009 Tax Credits

Well, this looks like the news we’ve been waiting on…..all indications are that there is an agreement on extending and expanding the Homebuyer Tax Credit until the end of April, 2010.
The compromise also allows for the credit to be available to any homebuyer that is in contract by the April 30, 2010 deadline as long [...]

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Ways and Means Committee Announce Hearing on Homebuyer Tax Credit

by Scott Schang October 19, 2009 Tax Credits

FROM THE COMMITTEE ON WAYS AND MEANS
SUBCOMMITTEE ON OVERSIGHT
FOR IMMEDIATE RELEASE
October 22, 2009
Lewis Announces Hearing on Administration of the First-Time Homebuyer Tax Credit
House Ways and Means Oversight Subcommittee Chairman John Lewis (D-GA) today announced that the Subcommittee on Oversight will hold a hearing on administration of the first-time homebuyer tax credit. The hearing will take [...]

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UPDATE: Homebuyer Tax Credit Too Costly for America?

by Scott Schang October 15, 2009 Tax Credits

I Ran across some news today on the extension and expansion of the homebuyer tax credit and wanted to share it as soon as I found out.
It seems that the cost to continue the homebuyer tax credit incentive is definitely on the forefront of many lawmaker’s and analysts minds as public opinion continues to challenge [...]

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UPDATE: $8,000 Homebuyer Tax Credit Extension – October, 2009

by Scott Schang October 8, 2009 Tax Credits

We still don’t have anything concrete on the progress of H.R 2801 which looks to extend the $8,000 homebuyer tax credit.
I do have new information about H.R. 2801 based on both fact and rumor.
The Facts: In a recent daily press briefing, White House Press Secretary Robert Gibbs did receive questions about the fate of [...]

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Does H.R. 2801 Have a Chance? Is it Worth taking the Chance?

by Scott Schang September 1, 2009 Loan Programs

Well, this is certainly going to be a closely watched topic over the next couple of months as the deadline for the Federal $8,000 First Time Homebuyer Tax Credit reaches it expiration date.
It seems now that the mainstream media is flirting with prospect of California nearing the bottom of the market. If this is true, [...]

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Will Congress Extend the First Time Homebuyer Tax Credit?

by Scott Schang August 24, 2009 Tax Credits

This is the headline today on a Wall Street Journal Article discussing the possibilities of extending and possibly even increasing the tax credit.
Since we first wrote about the possibility of increasing and extending the tax credit on June 10th, little is being said about what is being proposed.
Not only are some legislators (and real-estate industry [...]