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tax credit income limits

No More Extensions for $8,000 Tax Credit

by Scott Schang December 28, 2009 Market Updates

As the deadline for the latest extension of the $8,000 homebuyer tax credit quickly approaches, lawmakers are pretty clear about it’s end.
LA Times, December 27th, 2009:
The provision that puts up to $8,000 in buyers’ pockets won’t be renewed a third time, industry leaders and lawmakers say.
Reporting from Washington – Home buyers hoping to take advantage [...]

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H.R. 3548 – Tax Credit Passes House, Senate – Next Stop, The President

by Scott Schang November 5, 2009 Tax Credits

The extension and expansion of the first time homebuyer tax credit is going to the President’s desk for signature as part of H.R. 3548 – The Worker,Homeownership, and Business Assistance Act of 2009.
The Engrossed Amendment as Agreed to by the Senate is the only available version of this bill that I’ve been able to find [...]

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Tax Credit Decision this week?

by Scott Schang October 26, 2009 Tax Credits

There’s was a lot of buzz on Thursday and Friday about the possible extension of the Homebuyer Tax Credit past the November 30th expiration date that is rapidly approaching.
If you are not IN ESCROW NOW for the purchase of a primary residence, it’s too late for the current tax credit and this is a topic [...]

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