The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. The 2009 home buyer tax credit is much improved compared to the 2008 version. The ...

Are you renting in Steamboat and plan to live here for more than three years?  You can get a $8000 Tax Credit for First Time Buyers when you buy your first home. (First time buyers are defined as anyone who hasn’t owned Steamboat real estate in the last three years.) If you are a Steamboat Sp...

Congress finally came to terms on this stimulus bill that we’ve been hearing so much about. This thing is very far reaching and is going to cost a boat load of money, but I am just focusing on the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]...

Over the last few weeks I have had the pleasure of meeting with quite a few people who will be soon buying their first homes in Metro Detroit. They are excited about the opportunities they are... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]...

Those reading here over the past week know we’ve been obsessing over the about-to-become-law tax credit for first time home buyers. Several iterations were bantered about Congress before the dust finally settled. Yesterday both the House and Senate passed the stimulus package (officially now c...

Today the U.S. House of Representatives passed the Stimulus Bill. It now moves to the Senate, where a vote is expected around 7:00pm Eastern time tonight. Update: The Senate passed the Stimulus bill at 10:45pm (EST) on a 60 - 38 vote. You can read the full text of the stimulus bill here and here (it...

The plan to include a $15,000 tax credit to any home buyer in the U.S. Senate's version of the stimulus package has been scaled back to $8,000, and only first-time home buyers will qualify. In addition, the tax credit is available for homes purchased through August, instead of the Senate plan, which...

Latest Update Feb 11, 7:00pm - Reader hagfish digs this up from Bloomberg (Thanks hagfish!): Bloomberg reports the proposed $15,000 tax credit for homebuyers was reduced to $8,000 according to Senate Finance Committee Chairman Max Baucus, a Montana Democrat. No details on whether the credit is refun...

Is the $15K tax credit for home buyers that is in the Senate’s version of the Stimulus Bill in jeopardy? Reader and new home buyer Tyler (who has been providing fantastic commentary in our $15K tax credit posts) dug up this nugget from CNN: A Democratic source also said a plan to offer tax credits...

That's right, $15,000 for free for doing something millions of other people have done for years without such an incentive. The U.S. Senate passed an amendment to the economic stimulus package that will provide all, not just first-time, home buyers up to a $15,000 tax credit that does not have to be ...