
Real Estate Blog Sunday, February 15 2009
Here are some highlights of the stimulus package relating to real estate: · Refundable First-Time Home Buyer Credit: Homes bought after January 1, 2009 are not required to repay the 10% of home purchase price tax credit granted by Congress last year. Also, the limit of the tax credit was increased from $7,500 to $8,000 · Tax Credits for Energy-Efficient Improvements to Existing Homes: Extends tax credits for improvements to energy-efficient existing homes through 2010. The tax credit can qualify homeowners to receive tax credits up to 30% (previously, it was 10%) To discuss how the economic stimulus package will help you and your real estate dreams, please contact Susie at SusieKang@JoaRealty.com |