stimulus plan

Highlights of Revised $8000 Tax Credit

February 19, 2009

President Barack Obama signed the American Recovery and Reinvestment Act into law Tuesday, which is great news for first time home buyers. We’re sure that some of you may have questions as to how it will affect you, so we have listed here the highlights of the bill: The tax credit is equivalent to 10% [...]

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$15,000 Tax Credit Out, $8,000 Tax Credit In.

February 12, 2009

Here is the wording of the section of the new H.R. 1, THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 that deals with the proposed $15,000 tax credit: “Refundable First-time Home Buyer Credit. Last year, Congress provided taxpayers with a refundable tax credit that was equivalent to an interest-free loan equal to 10 percent of [...]

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