Well folks, it is a done deal now...But, not the $15,000 that was originally submitted...See previous blogs Senate passes $15,000 credit for homebuyers..but wait...its not a done deal yet...
Senator Johnny Isakson, a Georgia Republican who sponsored the amendment has said..said. "I'm extremely disappointed the members of Congress negotiating the final package decided to eliminate my $15,000 tax credit for all Americans who purchase a home. I will continue to pursue my proposal as stand-alone legislation..Read more here
Even though the credit is 10% of the homes value, capped at $8,000,(whichever is less), that is still better than getting 0! A big plus is that the credit is refundable.
There are restrictions and changes, some of which are...
To qualify, you have to buy a house between Jan. 1 and Dec. 1 and use it as your primary residence.
You must be a first time home buyer (OR.. you haven't owned a house in at least three years)
The credit won't have to be repaid, unless the property owner sells within three years
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit
2920 S. Durango
Las Vegas, Nv 89117
Dawn Barrier EXP REALTY Las Vegas (702) 812-4550
Any Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing or as noted,covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.
All photography on this site are the property of Dawn Barrer unless otherwise noted and are
protected by U.S. Copyright laws and are not allowed to be downloaded or reproduced in any
way without written permission of Dawn Barrier.If you would like permission to use a photo
please email Dawn Important Notice -This is a personal blog.
eXp Realty Dawn Barrier
Lic .0065708eXp Realty Dawn BarrierLic .0065708