The Federal Tax Credits Blog

Posts Tagged ‘extend tax credit homebuyer’

Question: Will the $8000 homebuyer tax credit be extended again?

Answer: “Hopefully not. Way too much taxpayer money has been wasted away by giving it to people who can obviously ALREADY afford to buy a home without the tax credit.”

Your obliviosly a misribal, Ignorant Ahole. Of course this should be extended again. Some people struggle like crazy all year and work everyday and this break is just what they need to be able to afford a home.

Open your eyes, This is America, People need chances in order for the country to surive.

Local businesses offer advice

Local tax professionals offered some advice on this year’s tax code and some tips on available credits and making sure filers get as much as they can.

First-Time Homebuyer’s Tax Credit Extended

Question: Question about 8,000 first time home buyer tax credit.?

My girlfriend and I are planning on buying a house together (unmarried).
So I assume one of us would be the primary loan holder and the other the co-signer on the loan. We are both first time home buyers.

1. Would we both get an 8k tax break on the house when we were filing our taxes, or is this double dipping?

2. If the answer is no…would one of us be foregoing our 8k tax break in the future should this tax credit be extended beyond november?

Thanks

Answer: BEFORE purchasing a house together go to an Atty and have a VERY detailed contract drawn up to indicate EXACTLY, down to this credit, what will happen if you break up. If you do not think this a VERY serious matter then just read a bit in the real estate area of this site.

No you would be CO OWNERS on the loan if you use both your informations to get the loan.

Speaking in Las Vegas, Obama urges increase in clean energy tax credits

LAS VEGAS (AP) – President Barack Obama is calling on Congress to expand a tax credit for clean energy manufacturing that he says would be a jobs generator for the U.S.

Bill would extend homeowner’s tax credit.(Strictly Business): An article from: Mississippi Business Journal $9.95 This digital document is an article from Mississippi Business Journal, published by Dolan Media Company on October 5, 2009. The length of the article is 325 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Bill would extend homeowne…

First-Time Home Buyer Tax Credit Extended Quicken Loans