Will the $8000 first-time home buyer’s tax credit be extended?

Robert Freedman of Realtor Magazine recently sat down with Linda Goold, The National Association of Realtors’ director of tax policy, and Samuel Whitfield, an NAR legislative representative to discuss the possibility of an extension.  The tax credit has been, in Freedman’s words,  ”the economic recovery’s workhorse.”  To date, over  1.4 million households have used the [...]

Groups want Congress to boost and extend a home-buyer tax credits

Worried that rising mortgage rates could damp the prospects for a housing recovery, a business group is making a new push for Congress to boost and extend a home-buyer tax credit.

New Stimulus Bill Offers Tax Breaks for Real Estate Investments

A new article in the Charleston Regional Business Journal contains information and analysis of the tax breaks offered by the new Stimulus package. Mark Cooter, of the accounting and advisory firm Elliot Davis, offers insight and analysis into some benefits for investors. The new laws are chock full of tax provisions for people interested [...]

First-Time HomeBuyer Tax Credit – Feb 2009 Modifications

I originally posted this on my blog, but I wanted to give readers of The Charleston Coast the benefit of this chart as well.
For those of you attempting to purchase your first home and for those of us trying to help you with that, here is a breakdown of the modifications to the First-Time Homebuyer [...]

Lawmakers debate new homeowners write-off

A potentially far-reaching change in real estate tax policy may be in the making.
The federal housing and foreclosure relief legislation “would permit millions of homeowners who do not itemize on their federal tax filings to claim a deduction for at least a portion of their local and state property taxes. Though the House version of [...]