Real Estate Blog 
Tax Credit Deadline Extended to September 30th for Those Who Contracted Before April 30th
Thursday, July 1st, 2010 at 11:06am. 35 Views, 0 Comments.
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To: All REALTORS® Date: July 1, 2010 Re: NAR Update: Tax Credit Deadline Extended; Flood Insurance Program Reinstated Dear fellow REALTOR®, I am happy to report that Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010. This is a huge win for REALTORS® and homebuyers, and NAR worked closely with members of Congress to make it happen.The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed. There will be no gap between June 30 and the date the President signs the bill into law. Additionally, Congress has extended the National Flood Insurance Program… |
$8,000 Home Buyer Tax Credit at a Glance
Thursday, May 28th, 2009 at 6:24pm. 214 Views, 0 Comments.
I have been receiving a lot of questions recently regarding the $8,000 Home Buyer Tax Credit and I thought it would be beneficial to give a brief overview.
- The tax credit is for "First Time Home Buyers" Only.
- The tax credit does not have to be repaid.
- The tax credit is equal to 10% of the purchase price of the home up to a maximum of $8,000.The tax credit is only available for homes purchased between January 1, 2009 and December 1, 2009.
- Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 will qualify for the full tax credit.
If you have any questions about how this will impact the purchase of your home in the Inland Empire, please feel free to give me a call at (909) 581-2100.
For more in depth…