Tag Archives: tax credit

Home buyer credit extension heads to Obama

Congress passed a bill this week extending the deadline to close escrow and qualify for the federal home buyers tax credit. President Obama is expected to sign the bill extending the deadline to Sept. 30, 2010, instead of its original June 30 deadline. KEEP THIS IN MIND • The bill extends the deadline to close [...]

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Military May Still Qualify for Home Buyer Tax Credit

This is great news for military who have been recently deployed. One of the provisions of the November extension of the First Time Home Buyer Tax Credit is that members of the Armed Forces who have been deployed more than 90 days since 2008 may be eligible for the tax credit through April 30th 2011. [...]

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How to Apply For or Reserve Your California First Time Buyer and New Home Credit

As of May 1, 2010 the frenzy for California’s First Time Buyer and New Home Credit began. This is first come, first serve territory, so you’d better get your applications and reservations in quickly. Everyone has been anticipating the credit, now it comes down to following guidelines, filling in the paperwork correctly, having the appropriate [...]

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A Complete Guide to the California Homebuyer Tax Credit – Live Webinars!

There is a lot of misinformation out there about this tax credit and I’ve gotta tell you, this is just shy of rocket science…ok, maybe not that bad, but close. California Tax Credit Webinar with Live Q&A – See Schedule of Online Classes We have been doing live online classes all week and I have [...]

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Last Minute Tax Credit Tips

The 2010 homebuyer tax credit is worth 10% of the home’s sale price: up to $8,000 for buyers who haven’t owned a home in the previous 3 years and up to $6,500 for buyers who have owned and occupied a principal residence for at least 5 consecutive years during the 8 year period that ends [...]

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Federal Incentives Make it Easier to Upgrade Homes

As part of the beloved stimulus bill, a pool of $300 million was made available to states to provide rebates for the purchase of energy-efficient appliances and home systems, of which Texas’ share is $23 million. The purchases must be replacing an old appliance, and there is a limit of two rebates per household. Also, you must reserve a rebate before making the appliance purchase.

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Governor signs Home Tax Credit Bill

Governor Schwarzenegger today signed AB 183 providing $200 million for home buyer tax credits.  The bill allocates $100 million for qualified first-time home buyers who purchase existing homes and $100 million for purchasers of new, or previously unoccupied, homes.   Eligible taxpayers who close escrow on qualified principal residences between May 1, 2010 and December, [...]

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How are your 2010 goals going so far?

Well we finished the first month of 2010 and I have been evaluating my life plan for 2010.   Most of us set at least a few goals going into the year and it is very easy to get off track almost immediately if we don’t put action behind our goals. I don’t know about you [...]

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Irvine Home Buyer Tax Credit Extended

The recently expanded Federal tax credit program, extended for a limited time, combined with historically low interest rates, and large price reductions in Irvine homes an condos, makes now a great time to buy a home in Irvine. The existing Federal government tax credit program of up to $8,000 for first time homebuyers has been [...]

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Homeowners win big with extension and expansion of federal tax credit

The U.S. House of Representatives today voted 403 to 12 to extend and expand the home buyer tax credit.  The bill passed the U.S. Senate late yesterday and now will go to President Obama for his signature, where it is expected to be signed this week.   The tax credit will be extended through April [...]

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Tax Credit Clowns Come to the Housing Circus

Supposed first-time home buyers are finding new ways to defraud the government by filing false claims for the Fed’s First-Time Home Buyer Tax Credit.

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