Great News !!!!! Idaho $8,000 First-Time Home Buyer Tax Credit Extended into 2010! As Well As A New $6,500 Tax Credit for Certain Existing Home Owners! The $8,000 tax credit for First-Time Home Buyers has been extended into the first half of 2010. The program was scheduled to expire on November 30,2009. With this extension in order to qualify for the credit contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010. In addition to the extension of the ta... Read Full Story

Good news for Massachusetts first-time home buyers arrived this Friday, November 6th, when President Obama signed into law legislation extending and expanding the Federal Housing tax credit.  The tax credit is now not only for MA first-time home buyers, but for qualified MA repeat home buyers as well. The new law also raises the income limits under which Massachusetts home buyers can qualify for the credit. According to the Worker, Homeownership and Business Assistance Act of 2009, the follow... Read Full Story

This morning, President Barack Obama signed into law H.R. 3548 bill, The Unemployment Compensation Extension Act that includes the extension, modification and expansion of the first time home buyer tax credit. President Obama said, “Although it will take time and it will take patience, I am confident that our economy will recover. I am confident that we’re moving in the right direction. And I promise that I won’t rest until America prospers once again.” The first time home buyer tax credit – ... Read Full Story

The $8,000 First Time Home Buyer Tax Credit has been extended into 2010 and existing homeowners may be able to take advantage of a $6,500 Tax Credit as well.   In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension  also opens up opportunities for others who are not buying a home for the first time. So Who Gets What? The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on an increase in the a... Read Full Story

After weeks of reporters jumping the gun and claiming several different versions of the First Time Home Buyer extension/expansion program had already been approved, we now have a finalized bill signed into law by President Obama on November 6, 2009.  Not only has the original $8,000 First Time Homebuyer Tax Credit been extended through to April 30, 2010, but existing California home owners who purchase again (move-up buyers), who qualify, will get their pockets stuffed with $6,500 cash when t... Read Full Story

First Time Homebuyer Tax Credit Extended Into 2010! Plus…A New Tax Credit for Certain Existing Home Owners! It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009. In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for th... Read Full Story

Homebuyer Tax Credit Update! Things changed today for Oregon First Time Home Buyers and also for those looking to move up (or down) in home size.  President Obama signed a bill today (Nov. 6, 2009) to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also opens up opportunities for others who are not buying a home for the first time. Although I have been a supporter of extending the tax credit, I was surprised that the Congress actually got it done. Not o... Read Full Story

The U.S. Senate & House have passed legislation to extend the Maryland $8,000 home buyer tax credit to May 1, 2010, for first-time buyers AND add a $6,500 tax credit for the existing homeowner if they’ve lived in their home for five of the past eight years. Maryland First-time homebuyers will continue at $8,000 – same definition as current law. Tax credit for current Maryland homeowners / “move-up” purchasers – is $6,500. Must have used home as principal resi... Read Full Story

Congress both extended and expanded the First-Time Home Buyer Tax Credit program Thursday. The White House says the President will sign it into law today. The up-to-$8000 tax credit’s expiration date has been pushed forward to spring, requiring homebuyers to be under contract by April 30, 2010, and to be closed by June 30, 2010. The program’s basic eligibility requirements remain the same: Buyers can’t purchase the home from a parent, spouse, or child Buyers can’t pur... Read Full Story

House votes to expand home buyers’ tax credit hoping to stimulate the housing market even more in New Jersey and across the country. Congress gave final approval Thursday to support the housing market by extending and expanding the First Time Home Buyer Tax Credit. The bill, passed overwhelmingly by the House and headed to President Obama for his signature Friday, extends unemployment insurance benefits that were due to expire and renews an $8,000 tax credit for first-time home buyers, ... Read Full Story