Wednesday, February 18, 2009

Get Tax Refunds $8,000 Within the Month

The compromise Stimulus Bill:
  • $8,000 tax credit does not have to be repaid, unlike the tax credit passed last summer
  • Keeps the tax credit refundable, or claimable regardless of tax liability
  • Extends the date from July 1, 2009 until Dec. 1, 2009 - PLENTY OF TIME TO BUILD A NEW HOME!!!
  • Allows tax credit home buyers to participate in the mortgage revenue bond program
  • Permits state housing finance agencies to help buyers at closing by advancing the credit amount as a loan using tax-exempt bond proceeds

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