Posts Tagged ‘Home tax credit’

Worker, Homeownership & Business Assistance Act of 2009

by P. Lewis Robinson
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Nov
12

 

President Obama signed the Worker, Homeownership & Business Assistance Act of 2009 on November 6, 2009. This law includes the following provisions:
  • Unemployment compensation benefits for all states have been extended 14 weeks, with an additional 6 weeks in states with unemployment rates over 8.5%. According to the Georgia Department of Labor, Georgia’s unemployment rate is currently 10.1%. Therefore, unemployment compensation benefits are extended for a total of 20 weeks in the state of Georgia.
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More Info on Pending Extension of Credit for Home Buyers

by P. Lewis Robinson
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Oct
30

The U.S. Senate is considering extending and expanding the home buyers’ tax credit to help prop up the still-reeling housing market.

Under the proposal, the $8,000 credit for first-time buyers would be extended to cover purchases into next spring – buyers must sign contracts by April 30 and close within 60 days. Currently the credit is due to expire at the end of November. (more…)

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Home buyer credits gets new life from WSJ

by P. Lewis Robinson
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Oct
29

By COREY BOLES and JOHN D. MCKINNON

WASHINGTON — Senate negotiators reached a tentative deal to extend a tax credit for first-time home buyers, but its passage remains uncertain.

The agreement would extend the existing credit for first-time home buyers, worth up to $8,000, while offering a new credit of up to $6,500 for some existing homeowners, Senate aides said. The reduced credit would be available to all home buyers who have been in their current residence for a consecutive five-year period in the past eight years.

(more…)

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