Archive for $8000 tax credit
14,830 Reasons The Home Buyer Tax Credit Should Be Extended!
If you’re looking to cash in on the home buyer tax credit, today is your last day to close. There have been talks of an extension for a while but it can’t seem to get the support from our lawmakers. Currently, there are an estimated 14,830 home sales in Florida which will be delayed past [...]
Time is running out to get your tax credit!
For most, if you’re looking to cash in on the tax credit you must be under contract by April 30th and close by June 30th. With all the short sales on the market you may think that you’re already out of time. Not true! Currently, there are 5,284 homes for sale in the Tampa Bay [...]
Clarifing the Tax Credit
I have heard from a lot of people with questions regarding the “$8k Tax Credit” and there appear to be many misconceptions. First, let’s look at the total amount that is available. While we tend to refer to it as an $8k credit, it is actually up to $8k. The credit is 10 percent of [...]
$8,000 Tax Credit for Down Payment
The deadline for the $8,000 tax credit is quickly approaching and the state has approved doing short term loans so that the tax credit can be used for your down payment but where is the money? While the state has approved doing the short term loans, each county is responsible for managing the money that’s [...]
Update – $8k Tax Credit
The recently passed $8,000 Tax Credit Down Payment Assistance program passed by the State of Florida seemed doomed when FHA announced that the assistance program could not be used as down payment. The program isn’t doomed but FHA has set some guidelines. You still must have 3.5% of your own funds (or funds gifted from [...]
New Info on Down Payment Assistance Using $8k Tax Credit
WASHINGTON – May 29, 2009 – The U.S. Department of Housing and Urban Development (HUD) released more details today about its program to help first-time home buyers use a tax credit as part of a down payment. HUD announced the program on May 12 at the National Association of Realtors® Housing Summit. In the interim, [...]
$8,000 Home Buyer Tax Credit – Do You Qualify?
The government is now offering an $8,000 First Time Home Buyer tax credit. You may be thinking, “I don’t qualify for that, I’ve owned a home in the past.” Well, you may still qualify. For this tax credit, the IRS defines a first time home buyer as anyone who has not owned a home in [...]