The “New” Homebuyers Tax Credit Explained

If you were one of the many Americans, holding your breath in hopes that the New Homebuyer tax credit would be extended, your wait it over. Many had predicted that the highly successful tax credit would be extended, but last week congress made it official and changed the deadline to April 30, 2010. This means that you must...

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Will The $8000 Tax Credit Be Extended?

By now most Americans are aware of the 8,000 dollar tax credit offered by the federal government for first time home buyers.  This is a dollar for dollar credit that will be payed out on your tax return the following year.  So if you are a first time home buyer and close on your house before Dec. 1st, 2009 Uncle Sam will...

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“Your Way Home” Offers 22% Purchase Assistance

The Arizona Department of Housing (ADOH) has recently announced a plan it hopes will reduce the number of foreclosures on the market in Arizona.  The program has not generated much buzz yet, however word is spreading and it is set to help many area residents. The “Your Way Home AZ” program will offer 22 percent in...

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Another hidden gem in stimulus package for homeowners, $1500 tax credit for green improvements

It has been brought to my attention that there is another little nugget in the stimulus package signed by President Barack Obama earlier this month. If you own a home and are interested in making some “green improvements” you could find yourself getting another $1500 tax credit for going green. If you make an...

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Latest update on the house tax credit in the “Stimulus Bill”

At our office meeting this morning there was a lot of talk about the on-again, off-again tax credit in the stimulus bill so I promised a couple of the agents there I would research it when I got back to the office and post an update. Here is the latest. Yesterday the AP was reporting the tax credit was completely removed from...

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