Tax season is here, and will be gone before we know it! If you used the first time home buyer tax credit in 2009, or are thinking about claiming the extended tax credit this year, you’ll want IRS Form 5405. For a full set...
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Extended Home Buyer Tax Credit: Signed, Sealed, Delivered
President Obama signed the extended home buyer tax credit bill on Friday. So, what does this mean? How does it work? We’ve already gone over some of the major changes to the credit, but here they are again: Both first-timers and existing homeowners would be able to take advantage of...
The New Tax Credit Passed By Congress With Flying Colors!
Yesterday, we posted some news about the first time home buyer tax credit being extended until April, along with some changes to the credit, including allowing existing homeowners $6,500 towards their purchase of a “move-up” home. (Note: There are more details to this new bill, so if you are interested,...
Could The $8,000 Tax Credit Be Extended?
The first-time home buyer tax credit has helped a lot of families across the nation in purchasing a home this year, but it is set to expire at the end of this month. There is a bill going through congress this week, and has already been unanimously agreed upon by...
How to Qualify for Energy Efficiency Tax Credits
We’ve posted a lot about the first time home buyer tax credit lately, but what about some other tax credits related to real estate? Energy efficiency can not only gain you tax credits, but also confidence in that you are helping the environment, and energy savings long-term. We came across...
Clear Explanation of the First Time Home Buyer Tax Credit
Real estate agents have been asked many questions about the new First Time Home Buyer Tax Credit, so here is a clear explanation of what it is, who qualifies, and how those who qualify get their money. To read up on the background of this tax credit, read our previous...