The Federal Tax Credits Blog

Posts Tagged ‘housing’

Question: Can I receive MCC credit and $8,000 tax credit when buying my first home?

I’m about to purchase my first home and they are wanting to get me into the MCC program (Texas program) but I want to make sure that it wont interfere with my $8000 tax credit….thanks so much!!

Answer: You can use both, not a problem.

2011 BOB Award Winners

We at New Hampshire Business Review are delighted to welcome you to see the results of our fourth annual BOB Awards, honoring the Best of Business in New Hampshire for 2011.

Senator Mitch McConnell from Kentucky: GOP needs to go back to work and Obama “off to a good start”

Long-range calendar

Arts/Classes

Question: How’s 43,000 for a 8,000 tax credit for 1st time homebuyers & 20K for every 4K clunker exchange progress?

Even with the Federal Reserve’s program to buy over $1 trillion of mortgage-backed securities and the myriad other schemes to bolster housing, including the tax credits for homebuyers, the government isn’t getting much bang for all those bucks.

As noted here previously, the $8,000 tax credit for first-time homebuyers may have actually cost the government $43,000 for each extra house sold (“Homebuyers’ Handout — Worse Than Cash for Clunkers,” Oct. 21.) That’s because most of the recipients of Uncle Sam’s largesse would have bought a house anyway. Now that the credit been extended to next March and applied to home buyers who were previously homeowners (with some restrictions), who knows how much extra incremental house sale will cost the Treasury.

http://online.barrons.com/article/SB125858375944554495.html?mod=BOL_hpp_dc

Answer: We’d better quit griping about such things and go seek out the Obama stash ourselves.
Give ‘em some competition.

What else would you plan to do with your time once the private sector is dead? There’s a lot of mom and pop shops dying out here, and all of them are far smarter than Congress gives them credit.

Atlas should shrug. Immediately, and with defiance.

Now, help me with this heavy crate of tea…

Tax credit drives up home sales

A popular tax credit created a home-buying frenzy in Sheboygan County during the second quarter, a new report shows, but real estate agents worry that it could be slow going now that the credit has expired.

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Sean La Rue I Mortgage 101: $8000 Federal Tax Credit First Time Home Buyers

Build America Program’s Impending End Prompts Plea to Senate

U.S. state, city and county groups urged the Senate to extend the Build America Bond program, the part of the federal economic-stimulus plan that has driven down borrowing costs for public-works projects across the country.

GDP – LOL!! Fake rise in GDP and YOU get the BILL!

Question: Can I claim a tax credit for first time buyers before purchasing a house?

I would like to buy a house but I do not have the funds for a downpayment. Am I able to claim the first time home owner tax credit on my 2008 income taxes and then buy a house in January/February of 2009?

Answer: No. You must purchase it first.

Plano real estate outlook remains positive

Real estate indicators in Plano for May showed that although the city had a decrease in home sales, the city’s median sale price was higher than the county, and the time to sell a house was shorter than last year.

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Overpayment interest accrues on first-time homebuyer.: An article from: The Tax Adviser $9.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on June 1, 2010. The length of the article is 678 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: Overpayment interest accrues on fi…

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$8000 First Time Homebuyer Tax Credit for 2009!