housing tax credit
| 3:00PM 1/02/2011
The Homebuyer Assistance and Improvement Act of 2010, signed into law by President Obama in July 2010, modified the terms of the existing first-time homebuyer's credit. The new law extended the closing deadline for home purchases from June 30, 2010, to Sept. 30, 2010; binding contracts for the sale...
| 5:00PM 1/22/2010
By now, you've probably heard lots of chatter about the first-time home buyers credit. The tax credit was originally part of the American Recovery and Reinvestment Act of 2009 and applied only to first-time homebuyers.
In 2009, bowing to pressure from the real estate community, Congress passed...
| 1:15PM 4/03/2009
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Under the most recent economic stimulus package, first-time homebuyers are eligible for a nonrepayable $8,000 tax credit if they buy a home. The rationale behind the credit is a...