Clearwater Real Estate

I received an e-newsletter that revealed more details from the IRS.  You might find the tax information interesting.

Here’s an excerpt from Issue Number: IR-2009-027

“The new credit can get money in the pockets of first-time homebuyers quickly,” said IRS Commissioner Doug Shulman. “For people who recently purchased a home or are considering buying in the next few months, there are several different ways that they can get this tax credit even if they’ve already filed their tax return.”

Under the American Recovery and Reinvestment Act of 2009, qualifying taxpayers who purchase a home before Dec. 1 receive up to $8,000, or $4,000 for married individuals filing separately. People can claim the credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year.

Here’s a great new website that gives a one stop source of the newly passed $8000 First Time Homebuyer Tax credit.

There’s even information on Veteran’s affairs and HUD home resources.  The website is sponsored by the National Association of Home Builders and despite recent reports of lean times the NAHB is stepping efforts to reach out to consumers. 

Of course, you always want to test your information with practicing professionals to be sure you are making the right decisions in differing local market conditions.  This NAHB effort is just what informed consumers need to stay on top of the ever changing legislation and events in real estate.