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$8000 First Time Homebuyer Tax Credit: the fine print

We would advise, before you run outside screaming, “I need to buy a house! I need to buy a house! This $8000 won’t last!” Read the fine print, particularly question 9. From the California Association of Realtors Website (verbatim): A.  FIRST-TIME HOMEBUYER TAX CREDIT Q 1.  What, in a nutshell, is the $8,000 tax credit for first-time […]

$15,000 Homebuyer Tax Credit Trimmed To $8,000

From the Zillow Blog: Details have not yet been ironed out, but the proposed $15,000 tax credit amendment in the economic stimulus package that was sponsored by Sen. Johnny Isakson has been trimmed down to an $8000 tax credit, according to the NY Times. This is all very preliminary until the bill is actually signed, but here is […]


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