Tax Credit

Plenty of Reasons to Buy a Home Even after the Tax Credit

July 2, 2010

Even though the home buyer tax credit expired on April 30, 2010 and won’t be renewed, there may never be a better time to buy a home than today, according to the National Association of Home Builders (NAHB). Many outstanding opportunities still exist for home buyers, but they may not be around forever. “The home [...]

Buyer Bonus Sales Event Extends Benefit of Home Buyer Tax Credit

April 26, 2010

We’re now in the final week of the federal home buyer tax credit, which enabled millions of home buyers to receive a credit of up to $8,000 following their home purchase. It’s been heart-warming to see this credit help and encourage so many people on their path toward home ownership. To keep momentum alive, Coldwell Banker [...]

Tax filing tips to ensure you get your tax credit!

March 16, 2010

If you bought a home last year or plan to buy one this spring and are eligible for the tax credit this year, check out these tips to ensure you file you taxes correctly to ensure you get the credit the government promised you.

IRS Clarifies What’s Needed to Claim Tax Credit

March 2, 2010

The Internal Revenue Service has clarified which documentation taxpayers need to submit to claim the first-time and move-up homebuyer tax credit. While the IRS is still requiring the filing of Form 5405, it is not demanding that all parties’ signatures be on the HUD-1 settlement document in areas where requiring both the buyer and the [...]

Tax Credits for Replacing Heating and Cooling Systems

January 28, 2010

DO YOU QUALIFY? Your HVAC system is at least 10 years old. You install a qualifying replacement in 2009 or 2010. You haven’t maxed out the energy tax credit on other upgrades. The federal energy tax credit is based on 30% of the cost of an eligible HVAC system, including installation charges. Replacing an aging [...]

Real Estate Study finds consumers’ anticipated ‘smart spending’ of Homebuyer tax credit will aid economic recovery

December 17, 2009

83 Percent of Current Homeowners Surveyed Say They Would Spend Tax Credit on Repaying Existing Debts, Home Improvements, Savings/Investments and Household Expenses Coldwell Banker Real Estate LLC today announced the findings from a new survey that looked at how the recently expanded federal homebuyer tax credit, which opened up the credit to existing homeowners, might [...]

HOME BUYER TAX CREDIT EXTENDED AND EXPANDED

November 20, 2009

New Legislation Extends the Federal Tax Credit for First-Time Home Buyers and Expands the Incentive to Current Homeowners (TOPEKA, KS) – For many Americans, home ownership is a key step towards achieving the American Dream. Bryon Schlosser, CEO of Coldwell Banker Griffith & Blair American Home, said, “It’s a great time to be buying or [...]

Top 5 reasons to leave your home on the market during the holidays

November 17, 2009

Now that we have seen our first glimpse of snow and we’re pulling out the coats from the back of the closet, it’s time to turn our thoughts to hibernating season… better known as winter. With this inevitable change of the seasons the biggest question REALTORS get from sellers is; “Should we take our home [...]

REALTOR pleased with tax credit extension

November 11, 2009

Jeanine Wells, president of the Topeka Area Association of Realtors, said Friday she was “very pleased” President Barack Obama had signed a $24 billion economic stimulus bill that, in part, extends tax incentives to prospective homebuyers. The bill, signed by the president Friday, builds on provisions in the $787 billion stimulus package enacted this past [...]

The Basics: Extended Home Buyer Tax Credit 2009/2010

November 6, 2009

Bringing the Dream of Homeownership Within Reach As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that: • Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010. • Expands the [...]

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