The Federal Tax Credits Blog

Posts Tagged ‘homebuyers-credit’

Question: I’m buying a home on contract from my Dad, am i eligible for the homebuyers tax credit? Not a firstime buyer.?

Am I eligible for the home buyers credit of $6500 even if I am not a first time buyer? I read where there is a buyers credit for any new home buyer if you have a contract.

Answer: Dear P: Look at IRS Form 5405 instructions and your dad is a close relative and that nixes the deal.

This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more Errol Quinn Enrolled Agent

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Collier Swecker on First Time and Repeat Home Buyers Tax Credit

Digital Realty Trust, Inc. and Digital Realty Trust, L.P. Announce Extension of Exchange Offer of Digital Realty Trust …

Digital Realty Trust, Inc. announced today that the Company, together with its operating partnership subsidiary, Digital Realty Trust, L.P. , have extended their pending registered exchange offer to exchange up to $500 million aggregate principal amount of the Operating Partnership’s 5.875% Notes due 2020, which have been registered under the Securities Act of 1933, as amended , for any and all …

Tuesday Morning Coffee – JoZoara Coffee Shop Murfreesboro TN

Question: First time buyer tax credit extension?

Did the First time home buyer tax credit get extended until the end of 2010? I thought I heard mention of it on the news this morning but only caught the tailend of the discussion.

Answer: “The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.”

Online exclusive: First time home buyer credits help some realize dream of home ownership

KINGSTON — The American Recovery and Reinvestment Act not only helped individuals buy their first home by offering tax incentives, but also helped those who had purchased homes keep their residences through financial hardships.

Expiration, Extension, and Effects of the Home Buyer Tax Credit

White House Mulls Extending Homebuyer Tax Credit

Despite the dismal sales of new U.S. homes last month, the Obama administration is not yet sure about extending the First-Time Homebuyer Tax Credit, but it is eyeing other moves to revive the housing market.

Rep. Welch calls for extension of First-time Homebuyer Tax Credit

Question: Question about $ 8000 tax credit in home buying in 2009 and 2010?

My wife and I purchased a home in 2009 and will claim the tax credit when file the tax return.
Now we are considering buying another one as an investment this year.
How does it work with the $ 8000 tax credit? Is it a one-time deal? I’ve heard about the extension into June 2010 but not quite sure if the credit only applied toward the first one OR can be applied to both ones . THANKS.

Answer: Only the first one. It is for first time home buyers.

Greater Hartford Home Sales Plunge in July, But Prices Still Rise

Watchers of the Greater Hartford housing market were expecting a drop in the number of sales of single-family houses in July now that the homebuyer tax credit has ended, but perhaps not to nearly 50-percent slide that was reported Monday.

First Time Home Buyer Tax Credit Extension Update