First-Time Homebuyer Tax Credit – Only Two Months Left

Posted by Leigh Brown on Mar 3, 2010 in Real Estate News | 0 comments

With home prices and interest rates at all time lows and only two months left before the First Time Homebuyer Tax Credit expires, many folks are taking action and looking to buy a home. The $8,000 tax credit, extended and expanded to include current homeowners in 2009, expires on April 30th, 2010. Qualifying for the Tax...

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New Home Buyers Tax Credit – Only Paper Filings Allowed

Posted by Leigh Brown on Feb 25, 2010 in Real Estate News | 0 comments

According to a federal audit released last October by the Treasury Inspector General for Tax Administration (TIGTA), nearly 90,000 taxpayers claimed the New Home Buyers Tax Credit, for which they were not entitled to. More than 1.2 million tax returns had claimed approximately $8.5 billion in the refundable tax...

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