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Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub. L. 111–5 (text) (PDF) ), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009.
Included a first-time home buyer refundable tax credit for purchases on or after April 9, 2008 and before July 1, 2009 equal to 10 percent of the purchase price of a principal residence, up to $7,500.
Q. What is the credit? A. The first-time homebuyer credit is a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008. For homes purchased in 2008, the credit ...
A first time homebuyer tax credit offers a direct reduction of the amount of income tax you owe. The U.S. federal government offered a tax credit program to first-time homebuyers (including those ...
The Economic Recovery and Middle-Class Tax Relief Act of 2009 H.R. 470 is a bill introduced to the United States House of Representatives during the 111th congress on January 13, 2009.
The National Association of Realtors reports that "Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, (on May 12) said that the Federal Housing Administration is ...
The fact is, time is running out to claim the $8,000 first-time homebuyers tax credit. Passed. NEW YORK (CNNMoney.com) -- Use any metaphor you want: the ticking clock, sands running through the ...
Besides extending the $8,000 tax credit for first time home buyers until April 2010, the Act also provides a $6,500 tax credit for current homeowners who purchase a home between November 6, 2009 and end of April 2010. [7] The Act also increases the income limits to qualify for the credit. The income limits based on modified adjusted gross income were increased from $75,000 to $125,000 for ...
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