$8,000 Housing Tax Credit

- Origin: You can apply for this credit if you bought your home between December 31st 2008 - December 31st 2009. Deadline has been extended into 2010.
- Length of Ownership: The tax credt does not have to be paid back as long as you own the home for at least 36 months. http://www.hrblock.com/taxes/tax_tips/ta...
- Requirements: Must make under $75,000 as an individual or $150,000 as a married couple. http://www.8ktaxcredit.com/
- How to Claim: You apply for this credit when you are filing your income taxes for 2009 or you can amend your 2008 taxes. http://www.federalhousingtaxcredit.com/2...

The $8,000 tax credit is a new incentive for first time home buyers in 2009. If you meet the requirements, you will receive up to $8,000 back when you file your income taxes. This page provides information, news, links and more about the new tax credit.

The $8,000 first time home buyer has been extended into 2010. New home buyers who close on their home before June 30,2010 will also receive the tax credit.http://www.federalhousingtaxcredit.com/faq1.php
Background

The $8,000 tax credit was part of the $787 billion economic stimulus package that was signed by president Barack Obama in 2009. http://www.usatoday.com/money/perfi/columnist/block/2009-02-16-stimulus-home-car-buyers_N.htm

A new tax credit of $6,500 is now available for repeat home buyers. Existing home owners who buy between November 6th 2009 and April 30th 2010 will be eligible for the $6,500 tax credit.http://www.federalhousingtaxcredit.com/faq2.php

$8,000 Housing Tax Credit Links Powered by Google
- Federal Housing Tax Credit for First-Time Home Buyers: FAQ
  
  Answers to questions about the $8,000 federal tax credit for first-time home buyers. Learn more about the American Recovery and Reinvestment Act of 2009.
  federalhousingtaxcredit.com
- First-Time Homebuyer Credit
  
  First-Time Homebuyer Credit
  irs.gov
- $8,000 Tax Credt Facts
  
  $8,000 Housing Tax Credit for first time home buyers with 2009 economic stimulus plan
  8ktaxcredit.com
- Article about 2009 Housing Tax Credit
  money.cnn.com
- The 2009 First-Time Home Buyer Tax Credit: The Basics for REALTORS ...
  realtor.org
view more links...
$8,000 Housing Tax Credit Videos Powered by YouTube
view more videos...
$8,000 Tax Credit News
- Homebuyer Tax Credits Threaten the FHA
  
  By ROBERT C. POZEN A few weeks ago, President Barack Obama signed legislation extending an $8000 tax credit for first-time home buyers. ... (November 24, 2009)
  Wall Street Journal
- Northeast Home Sales Soar 25 Percent in October
  
  The surge in sales came as many first-time homebuyers rushed to qualify for an $8000 tax credit that was scheduled to expire at the end of this month before ... (November 23, 2009)
  New York Times
- Sales of New Homes in US Rise to Highest Since 2008
  
  President Barack Obama this month extended the $8000 tax credit for first-time homebuyers until April 30 from Nov. 30, and expanded it to include some ... (November 25, 2009)
  Bloomberg
- Mortgage rates drop to record low
  
  But after Congress extended the tax credit and broadened it to include a $6500 credit for trade-up buyers, purchase applications rose 9.6% last week after ... (November 25, 2009)
  Los Angeles Times
view more news...
Mahalo Answers for $8,000 Housing Tax Credit
- Should Congress extend the 8,000 First-time Home Buyer Tax Credit, Expand the Tax Credit, or Let it Expire? 1 Answer
  
  I'm hoping they extend it. My daughter wants to buy my old house from me, and I'd love to let her buy it with this extra incentive, but she's not in a position ... read more
- Does the US Senate's homebuyer tax credit expansion to non-first-time buyers have to get passed by the House and President? 1 Answer
  
  Hi, mb. The version of the unemployment extension bill that contains the extension of the tax credit for homebuyers had already passed the House (earlier in th... read more
- tax credit for home buyer 1 Answer
  
  There are some new tax credits for first time home owners: "First-time homebuyers are eligible for a maximum credit of $7,500. But there's a catch: The credit i... read more
view more questions...
$8,000 Tax Credit Blogs
- First Time Home Buyer Tax Credit Spikes Home Sales
  
  Executive Publisher Sandy Franks says homes sales are expected to rise after the government's extension of first time home buyer tax credit. (November 24, 2009)
  taipanpublishinggroup.com
- First Time Home Buyer Tax Credit Extension Thoughts
  
  If you want to hit me, punch here. I'm numb and can't feel it anyway. As we talked about yesterday, the $8000 first time home buyer tax credit is extended, (November 21, 2009)
  moneyning.com
- $8000 First-Time Homebuyer Credit Explained | Investing in Property
  
  Claiming the first time homebuyer tax credit is a very simple process; it can be claimed on your federal income tax return. Your tax preparer will be able to assist you in ensuring that you meet all of the qualification... (November 25, 2009)
  sdjsa.org
- $8000 First Time Home Buyer Tax Credit Extension | Atlanta Housing ...
  
  It's no secret that the tax credit for homebuyers was extended on November 6 as President Obama signed it into law. To most of us this is old news, but the. (November 23, 2009)
  atlantarealestateforum.com
view more blogs...
$8,000 Housing Tax Credit Images Powered by Flickr and Google