ComproTax Talks!

TAX TIP No. 22
Buying your first home is enough of a challenge in good times. In today’s economy, it’s almost impossible for some people. But Uncle Sam wants to help.
The first-time homebuyer tax credit appeared a couple of years ago. In 2009, lawmakers improved upon the original tax break.
Now the homebuyer tax credit is a true credit. [...]

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New Homebuyer Credit - Claim It: English | Spanish
New Homebuyer Credit - Military: English
For these and other videos: YouTube/IRSVideos
WASHINGTON - The Internal Revenue Service today released the new form that eligible homebuyers need to claim the first-time homebuyer credit this tax season and announced processing of those tax returns will begin in mid-February. The IRS also announced new [...]

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Stay tuned to see how you will benefit.
Each day for awhile, I will post a new article to keep you abreast.
FIRST-TIME HOMEBUYER CREDIT ON STEROIDS
When the First-Time Homebuyer Credit was begun in 2008, the credit was 10% of the purchase price of a qualifying residence up to a maximum of $7,500.   The credit applied only [...]

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Geoff Williams
Mar 13th 2009 at 6:30PM

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I have an uncle who is a car salesman, and from the weary look he gives me every time I ask him how sales are going, I know that the tax breaks [...]

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Energy-efficient upgrades mean lower utility bills, but they can also earn you tax credits – this year or next.
By Christopher Solomon of MSN Real Estate
It’s the time of year to think about things left undone around the house.
Here’s one task you’ve likely overlooked: making your house pay off as much as possible on your 2010 tax return. If [...]

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On the Net: Read the American Recovery and Reinvestment Act

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Taxpayers can expect hundreds of dollars back from the government. It will [...]

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En Español
The recovery rebate credit is a one-time benefit for people who didn’t receive the full economic stimulus payment last year and whose circumstances may have changed, making them eligible now for some or all of the unpaid portion.
Generally, a credit adds to the amount of your tax refund or lowers the amount of taxes owed. [...]

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IR-2008-106, Sept. 16, 2008 Listen to an Audio Interview on This Topic WASHINGTON — First-time homebuyers should begin planning now to take advantage of a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008. Available for a limited time only, the credit:

Applies to home purchases after April [...]

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by Hilary on May 26th, 2008
Remember those credits that were phasing out at the end of this year?
From HR 6049, Renewable Energy and Job Creation Act of 2008 (passed by the House):

Long-term extension and modification of the residential energy-efficient property credit. The bill would extend the credit for residential solar property for six years (through [...]

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By EILEEN PUTMAN Associated Press Writer
© 2008 The Associated Press
WASHINGTON — The IRS is making a big push this year to make sure certain taxpayers know they can take the earned income tax credit, a benefit for lower income workers and working families that goes unclaimed [...]

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