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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. Phased out the credit for taxpayers with incomes over $75,000 ($150,000 for joint returns).
Clinton Bush Haiti Fund. One America Appeal. v. t. e. The Economic Stimulus Act of 2008 ( Pub. L. 110–185 (text) (PDF), 122 Stat. 613, enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions ...
Prospective homebuyers were deeply disappointed when the $15,000 tax credit for homebuyers was removed from the final version of the economic stimulus package and replaced with a much more modest ...
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 ...
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 ...
New tax provisions for home buyers in the Act. 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. The Act also increases the income limits to qualify for the credit.
Members of Congress seem to be holding their noses as they vote to extend the new homebuyers tax credit through April. The Senate overwhelmingly approved the $8,000 credit yesterday and the House ...