The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
For sales occurring after November 6, 2009, the Act establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.
The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009, are $75,000 for single taxpayers and $150,000 for married taxpayers filing joint returns.
With interest rates at record lows and the $8,000 tax credit coming to an end ...
Blog Archive for March 2010
Hurry! First-Time Home Buyer Tax Credit ends soon
Coeur d'Alene Wine Extravaganza 2010 this weekend!
The 2010 Coeur d'Alene Wine Extravaganza kicks off this Saturday in Downtown Coeur d'Alene. The event will begin in the Plaza Shops at 210 E. Sherman Avenue, where for only ...
Looking to buy a home in Coeur d'Alene? Here is a closer look into mortgage rates.
We all keep hearing that mortgage rates are going to increase over and over, but they are still low. Are they really going to increase? The simple answer is yes.
Coeur d'Alene Blues Festival Coming March 27
The Coeur d'Alene Blues Festival will begin with a Boat Cruise on Lake Coeur d'Alene on Friday, March 26th, featuring the three time I.E.B.S. Best Blues Band award winners, The Fat Tones.
Time to buy a house before rates rise?
As the Federal Reserve winds down its intervention in the mortgage market, rates on home loans are generally expected to rise at least modestly during the rest of this year ...
Understanding the importance of replacement value
In the broadest sense, replacement value in real estate is the total cost involved in replacing a piece of property with a similar piece. Depending on the property that must ...
