All Posts in Category: Taxes

New Homebuyer “Move-up” Tax Credit

Do you currently own your home? Have you been considering taking advantage of the lower pricing in the local market and “moving up” to a larger space? > IT IS TRUE: a larger home is less expensive today that it was 2 years ago. Have you owned your current home as your primary residence for…

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Tax Credit Update-Bill Passes!

The House has also passed the tax credit extension by a vote of 403-12! The President is signing the bill tomorrow, Friday. The $8000 first-time buyer credit is extended, and a “move-up” provision for homeowners who have been in their home as a primary residence for 5 consecutive years of the last 8 years can…

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Tax Credit Update

The Senate has voted 98-0 to pass the extension of the First-Time Homebuyer Tax Credit. Now on to the House…which should fast-track it…possibly to the President by Friday! The Tax Credit is attached to the Unemployment Bill and includes the provision to extend a smaller credit to move-up buyers….more as it is finalized…stay tuned! Show…

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