When I came home from work tonight I thought about the post I intended to write, about the new details regarding the homebuyers tax credit after the Senate and House of Representatives agreed to a common stimulus package.Unfortunately, the text of this compromise is not available to the public. Instead, I will take a second…
Tag Archive: tax credit
Opinion: Realtors the Biggest Benefactor of $15,000 Homebuyer Tax Credit
I’ve posted two articles so far on the proposed $15,000 Homebuyer Tax Credit: The first outlines my initial discoveries… My second outlines my deep digging… A lot of posts around the web have talked about how the credit will get home purchases moving again, which it will. What they don’t say, however, is the net…
Opinion: $15,000 Homebuyer Tax Credit is Too Good to be True
As a potential new, first-time homebuyer I have taken great interest in the proposals included in the proposed stimulus package – in particular as it relates to incentives to purchase homes. After spending a great deal of time reviewing the proposed $15,000 Homebuyer Tax Credit I have reached the conclusion that it is NOT really…
$15,000 Homebuyer Tax Credit Added to Proposed Stimulus
About a week ago we brought you a post describing a proposal by Senators Cardin (D-Maryland) and Ensign (R-Nevada) that would give first-time homebuyers a $20,000 tax credit, replacing the current $7,500 credit. Unfortunately, it appears this proposal has failed to move forward. However, on Wednesday night the Senate unanimously approved to add to the proposed…
First-Time Homebuyers $20,000 Tax Credit Being Discussed
January 26th: Senator John Ensign (R-NV) and I [Benjamin L. Cardin (D-MD)] are urging our colleagues to act quickly to pass a new $20,000 refundable tax credit for first-time homebuyers to help jumpstart our nation’s ailing housing market. I, a member of the Budget Committee, and Senator Ensign, a member of the Finance Committee, are…
