• Variable Rate Commission

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 1,148 other followers

  • Prophecies Fulfilled Exodus to Deuteronomy

    Prophecies Fulfilled Genesis

  • DMCA Notice

    https://ez1realty.wordpress.com/2017/08/06/dmca-notice-ez1-realty/

First Time Home Buyer Tax Credit Information

First Time Home Buyer Tax Credit Information

First time Home Buyer Tax Credit.

A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Following is a link to the official web site.

http://www.federalhousingtaxcredit.com/2009/index.html

The income limit for single taxpayers is $75,000; the limit is $150,000 for married taxpayers filing a joint return.

To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner.

How to claim the first time home buyer tax credit. The tax credit can be claimed on Line 69 of Form 1040.
Helpful Links for First Time Home Buyers

* First-Time Home Buyer Tax Credit

A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.
* Internal Revenue Service Information

First-time homebuyers may be able to take advantage of a tax credit for homes purchased in 2008 or 2009. The credit: * Applies to purchases that close after April 8, 2008, and before Dec. 1, 2009. * Applies only to homes used as a taxpayer’s principal residence. * Reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar. * Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed. The credit is claimed using Form 5405.
* The Basics: 2009 First-Time Home Buyer Tax Credit

Here is more information from Realtor.org about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.


* Inforamtion from HUD

The American Recovery and Reinvestment Act of 2009 offers homebuyers a tax credit of up to $8,000 for purchasing their first home.


* The ABC’s of Real Estate

* Property Searches

Search screen for all Wisconsin MLS properties for sale.
* EZ Home Search with Automatic Updates

Now you can receive free comprehensive Real Estate reports with pictures by using the quick Real Estate Reports Form. Please select the appropriate details that you would like to have in a property and a custom automated search based on your requirements will be started to find the home of your dreams.


* EZ Duplex Search with Automatic Updates

Stay current with real estate and duplexes for sale in Menomonee Falls, Milwaukee, West Allis, Wauwatosa, Germantown, and Brown Deer by receiving our free property updates sent right to your e-mail. Your duplex search will be made easier because you will receive free updates whenever they become available.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: