Market Monitor

New Tax Credit vs. Old Tax Credit

November 13, 2009 by Rob Spring · Leave a Comment 

 

 
Previous Provisions  

New Provisions

Effective Date
January 1, 2009
November 7, 2009

Deadline
Close before December 1, 2009

Contract signed before May 1, 2010, must close before July 1, 2010
Members of the uniformed services, foreign services, and intelligence employees who served an extended service of 90 days will have until April 30, 2011 and June 30, 2011.

Amount

First-Timers: maximum of $8,000 or 10% [...]

Tax Credit Extended and Expanded until June 30th 2010

October 9, 2009 by Rob Spring · Leave a Comment 

The First Time Home Buyers Tax Credit has been extended and expanded to cover existing home owners until June 30, 2010.  $8000 for first timer’s and $6,500 those who have owned and occupied a home for 5 of the past 8 years.
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