Posts tagged as:

first time homebuyer credit

Existing home sales rebound in August – Sep. 23, 2010

23 September 2010

Interesting reading from CNN this morning that indicates that the housing market might be steadying: Existing home sales rebound in August – Sep. 23, 2010. This is clearly impossible. I mean, I’ve been reading propaganda from the National Association of Realtors articles for months now that absolutely, positively indicated that without additional housing tax credits [...]

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Homebuyer’s Credit Extended.

1 July 2010

The homebuyer tax credit has been extended. Homebuyers now have until September 30, 2010, to close on their purchases after a late night deal passed by the Senate. The bill now goes to President Obama who is expected to sign it into law. An extension had been proposed months ago but the measure failed to [...]

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Homebuyers Face Deadline

29 June 2010

Despite some pretty serious lobbying efforts by realtors, banks, lenders and goodness knows who else, it looks like the homebuyer’s credit may not be extended. The credit was set to expire tomorrow. In other words, to qualify for the tax credit, homebuyers had to close by June 30, 2010. For one reason or another, that [...]

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Reid Proposes Homebuyer’s Credit Extension. Again.

11 June 2010

The crazy train that is Congress just keeps on rolling this week. Despite the overwhelming cost to taxpayers of the homebuyer’s credit, Senate Majority Leader Harry Red (D-NV) has caved to housing lobbyists decided that money does, in fact, grow on trees panicked about the number of seats the Dems appear to be losing in [...]

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Ask the taxgirl: Differing Homebuyer Credits

3 May 2010

Taxpayer asks: If i understand this the right way if i bought my home between April 9 of 2008 and July 1 2009, you have to repay the amount back over 15 yrs. I bought my home and closed on it July 31, 2009. I got the credit on my taxes for 2009. If i [...]

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Homebuyer’s Credit Expires This Week

26 April 2010

Tax Day may have come and gone but many taxpayers still have one more significant tax-related date in April: April 30. That’s the last day for taxpayers hoping to qualify for the homebuyer’s credit to finalize their contracts. Taxpayers who sign a contract by that date have until June 30, 2010, to settle on the [...]

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Homebuyer’s Credit In Chart Form (Cause Who Doesn’t Love Charts?)

22 February 2010

I’ll admit it – as if you hadn’t already guessed – I’m a bit of a geek. And not just a tax geek. I like math. And charts. So I was pretty psyched when @fixR-com sent me a note on twitter about their homebuyer’s credit pictograph. It’s a really good representation of the credit and [...]

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Housing Credit Extended – What Else Is New?

5 November 2009

If you’re opposed to extending the first time homebuyer’s credit (I am), you’re probably in the minority. And you’re definitely not in the Senate. The Senate voted unanimously to approve the bill and the House is expected to follow suit (at least the approval bit). Under the new law, the first time homebuyer’s credit would [...]

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First Time Homebuyer’s Credit Likely Expanded

29 October 2009

You know what they say in Congress, if it’s not broke (enough), keep trying until it is… So, with that in mind, Senate Majority Leader Harry Reid (D-NV) has announced an extension of the first time homebuyer’s credit. Despite evidence that the credit has been used inappropriately – and perhaps criminally – lawmakers have agreed [...]

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