The Federal Tax Credits Blog

Posts Tagged ‘$6500’

Question: I bought a home in January 2009. Do I qualify for the $6500 credit now under consideration?

I am not a first time home buyer.

Answer: It’s for those who purchase after December 1, 2009, and who have owned a home for five previous years. Sorry!

Nov 2009 Home Buyer Tax Credit

Question: Another question about the $6500 tax credit…?

One question that I have been unable to find the answer to is…
How long will you be required to maintain the new residence as your primary home after purchasing? Or is there any provision in place?

A friend that took advantage of the $8000 the 1st go round said he had to stay in his house 3yrs I think? Would like to know if I will be in the same boat if I take advantage of the new $6500 credit.

Answer: I think it is now 5 years but it still may be 3 years. Look it up at the IRS.GOV

GM looks to banks to secure line of credit

General Motors plans to file its initial public offering in mid- August, sources familiar with the situation said Friday. GM is also in talks with banks for a revolving credit line worth $5 billion, sources said.[...]

First Time Home Buyer Tax Credit Information, 6500 Tax Credit

Home tax credit extension, now Sept. 30, relieves tardy buyers

NEW YORK Homebuyers worried about closing their house purchases before the tax credit cutoff can relax after the government extended the deadline.

First Time Buyer and move up buyer Tax Credit Extension – La Mirada Real Estate, by Don Jacks

CenterPoint Energy Reports Second Quarter 2010 Earnings

CenterPoint Energy, Inc. today reported net income of $81 million, or $0.20 per diluted share, for the second quarter of 2010 compared to $86 million, or $0.24 per diluted share, for the same period of 2009. Â Operating income for the second quarter of 2010 was $263 million compared to $253 million for the same period of 2009.

New $6500 Tax Credit for Current Homeowners

Question: Are there government tax credits for a current home owner buying a house in September of 2009?

I’ve heard there is a $6500 tax credit for existing homeowners buying a new house. How far back does that extend?

Answer: No.

The $6500 is only effective for purchases after 11/6/2009.

Prisoners, children cash in on homebuyer tax credit

Associated Press WASHINGTON — Living in prison didn’t stop nearly 1,300 inmates from cashing in on a popular tax break for first-time homebuyers, a government investigator reported Wednesday. Their take: more than $9 million.

$8000 Tax Credit Extension Approved for First Time Home Buyers & Existing Home Owners