15000 Tax Credit,Tax Rebate:Senate OKs Break For Home Buyers
15000 Tax Credit,Tax Rebate:Senate OKs Break For Home Buyers – The Senate has voted tonight to give a tax break of up to $15,000 to first time home buyers.Here is how it works:
The proposal would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break for the purchase of new homes .only.
The tax break is intended to help revive the housing industry that is currently crumbling.
That’s all we have for now on 15000 Tax Credit,Tax Rebate:Senate OKs Break For Home Buyers.
joe | Feb 5, 2009 | Reply
Incorrect..the $7500 credit is for first-time home buyers
Mindi Watts | Jul 21, 2009 | Reply
Can i apply online