New Home Tax Credit Could Save Kentuckians Thousands

ERLANGER, KY - July 8, 2009 - (RealEstateRama) —A new tax credit goes into effect this month that could give some Kentuckians thousands of dollars back on the purchase of a new home. The New Home Tax Credit is an individual income tax credit and applies to a “qualified buyer” who purchases a home on or after July 26, 2009 and before July 26, 2010.

Tagged as: , ,

Related posts:

  • New Home Buyer Tax Credit is Bigger and Better
    February 25, 2009 - (RealEstateRama) — On Feb. 17, President Obama signed the American Recovery and Reinvestment Act of 2009 into law. As part of $787 billion in economic stimulus measures, the legislation created a home buyer tax credit that is bigger and better than the previous credit that was implemented in July 2008. ...
  • Tax Credit Helps Boost New-Home Sales, CBIA Announces
    SACRAMENTO, CA - May 12, 2009 - (RealEstateRama) — Thanks in part to the California new-home tax credit that went into effect in March, the pace of home sales at California new-home communities has begun to show signs of stabilizing, California Building Industry Association reported ...
  • C.A.R. calls for extension of federal tax credit
    C.A.R. calls for swift adoption of Dodd-Lieberman-Isakson amendment to extend home buyer tax credit. LOS ANGELES, CA - October 26, 2009 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today called for the U.S. Senate to swiftly adopt the Dodd-Lieberman-Isakson amendment, which would extend and amplify the hugely successful first-time home buyer tax credit until June 30, 2010....
  • Gordon Announces Homebuyer Tax Credit Extension Takes Effect
    WASHINGTON, D.C. - December 1, 2009 - (RealEstateRama) -- Congressman Bart Gordon announced that starting today (Dec. 1), first-time homebuyers in Tennessee will be able to take advantage of an $8,000 tax credit for an additional five months, and existing homeowners are eligible for a $6,500 tax credit for new home purchases. ...
  • Tax Credit Spurs First-Time Home Buyers, Survey Finds
    April 06, 2009 - (RealEstateRama) — Of the households participating in a Move, Inc. telephone survey in March who said they plan to buy a home this year, 18.1% indicated that they would be doing so in order to take advantage of the $8,000 first-time home buyer tax credit in the stimulus package enacted in February....
  • Housing Production Dips in July as Tax Credit Expires, CBIA Announces
    CBIA says state new-home tax credit extension needed to bolster construction. SACRAMENTO, CA – California homebuilders pulled back on new-home production in July as homebuyers retreated from housing markets around the state following the discontinuation of the successful homebuyer tax credit early in the month, the California Building Industry Association announced today....

3849

Articles Category: Laws & Taxes

  • Titus Statement on 4th Quarter GDP Increase
    Washington, D.C. - January 29, 2010 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada's Third District released the following statement today on the news that the economy grew 5.7 percent in the fourth quarter of 2009, the fastest pace since 2003.
  • CFO Sink Encourages Floridians to Claim Earned Income Tax Credit and Undelivered Refunds
    TALLAHASSEE, FL - January 29, 2010 - (RealEstateRama) -- Florida CFO Alex Sink is urging Florida taxpayers to find out if they may be one of the estimated 10,000 Floridians who qualify for the Earned Income Tax Credit (EITC), a federal tax credit for low-income working individuals and families, on Earned Income Tax Credit Awareness Day 2010. Eligible Floridians are due back an estimated $15 billion, on top of what they already may be claiming on their taxes, if they all claimed the EITC.
  • First-time buyers dominate Illinois housing market
    More than half of home buyers in the 2009 Profile of Illinois Home Buyers and Sellers were first-time buyers, due in large part to the first-time homebuyer tax credit stimulus and increased affordability in home prices in the last year. The survey results released by the Illinois Association of REALTORS® (IAR) found 51% of buyers were first-time buyers, compared to 47% nationwide (a figure which has averaged closer to 40% nationwide since 2001). When asked about the primary reason for timing of the home purchase, 46% of first-time buyers said it was just the right time.