Originated From
 The Washington Times

Posted by HP 3 years ago In:

HP
HP Asked About 'Washington Times - Home-buyers tax cut raises cost of stimulus bill'

Is this tax credit for existing home owners? Or only for people who are buying a home?

Liked this question? Tell your friends about it

4 Answers

Order by
Oldest to Newest
Newest to Oldest
Votes
Thomson Joseph
Thomson Joseph Answered:

The housing tax credits offer tax incentives to homeowners, first-time homebuyers, and developers of low-income housing, including:

  • a two-year limited property tax deduction for homeowners who do not itemize their deductions
  • a refundable tax credit for eligible first-time homebuyers
  • increased tax credits for developers of low-income rental housing

 

To Get Instant Cash Visit <a href="http://www.paydaybank.co.uk" rel="nofollow">Payday Loans</a> & <a href="http://www.mypayday.co.uk" rel="nofollow">Same Day Loans</a> For Financial Advice Visit <a href="http://www.financialguideuk.blogspot.com" rel="nofollow">FinancialGuide Blog</a>
Add a comment Report
RateNerd
RateNerd Answered:

A non-refundable tax credit of up to $8,000 will be available for buyers who purchase a home this year-before December 1, 2009-and who have not bought a house in the previous 3 years. This tax credit amount is based on 10-percent of the home’s purchase price, up to $8,000. To qualify, homeowners must keep their home for at least 3 years.  For more information go to http://ratenerd.com/how-the-federal-stimulus-plan-may-affect-your-mortgage-717

Add a comment Report
jorge
jorge Answered:

there is always a tax when you buy a house

<a href="http://www.ledsigninc.com" rel="nofollow">led signs</a> <a href="http://www.ledsigninc.com/outdoor-led-signs.php" rel="nofollow">outdoor led sign</a> <a href="http://www.ledsigninc.com/indoor-led-signs.php" rel="nofollow">indoor led sign</a> <a href="http://www.ledsigninc.com/led-display-sign.php" rel="nofollow">led display sign</a> <a href="http://www.ledsigninc.com/programmable-led-message-board.php" rel="nofollow">led message board</a> <a href="http://www.ledsigninc.com/scrolling-led-signs.php" rel="nofollow">Scrolling Led Signs</a> <a href="http://www.ledsigninc.com/led-display.php" rel="nofollow">Led Display</a> <a href="http://www.ledsigninc.com/electronic-signs.php" rel="nofollow">Electronic Signs</a> <a href="http://www.ledsigninc.com/programmable-led-message-board.php" rel="nofollow">programmable led message board</a> <a href="http://www.ledsigninc.com/custom-led-signs.php" rel="nofollow">Custom Led Signs</a>
Add a comment Report
Jeanette
Jeanette Answered:

Is this credit available to current homeowners or only for new homeowners?

Add a comment Report

Related Questions

Other people asked questions on similar topics, check out the answers they received:

buckeye

Asked: Should the ethanol tax credit be eliminated?

Should the ethanol tax credit be eliminated?
Anonymous

Asked Anonymously: Are Energy Star refrigerators purchased in 2010 ...

Are Energy Star refrigerators purchased in 2010 eligible for federal energy tax credits?
  • Posted 11 months ago