Kansas City Real Estate » Tax Credit

Not too late to get $8,000 Tax Credit in Kansas City

Terry — Fri, 20 Nov 2009 14:35:23 +0000

Click here to view the embedded video.

Wow here is what you need to know Go HERE to Kansas City Real Estate to Learn More! If you thought you could only buy if you hadn’t bought real estate before or if you thought the tax credit ended on November 30th,2009. Think again, because you now have until April 30th, 2010 to be under contract and until June 30th, 2009 to close!! Members of the military, military intelligence and foreign service who are on qualified extended official duty are not subject to the recapture fee and individuals who have been deployed overseas for 90 days or more in 2008 or 2009 can claim the credit through April 30, 2011!!

The $8,000 first time Homebuyers Tax Credit creates a new $6,500 tax credit for homeowners buying a new home by July 1, 2010. The homebuyer tax credit expansion measure includes these provisions:

• Extends
• Homebuyers with contracts as of April 30, 2010 qualify for the credit so long as they close the transaction within 60 days.
• The full credit is available to homebuyers with incomes of up to $125,000 for a single return or $225,000 for a joint return.
• Not available for homes costing over $800,000.
• Homebuyers who already own a home are only eligible if the home they are leaving has been used as a principal residence for five consecutive years in the last eight.
• Provides authority to the IRS to provide greater oversight while processing the return and requires that the taxpayer claiming the credit be 18 or older.

Buy a Bank Owned Home-Getting a Home Loan in Kansas City

Terry — Mon, 16 Nov 2009 12:57:51 +0000

Click here to view the embedded video.

It really isn’t as difficult as this video may makes it seem nor is getting a home loan as easy as you might think. Find out more about the Extended and Expanded 2009/2010 Home buyer Tax Credit. Please let me know if I may assist you.

See All Kansas City Properties

Whether you’re thinking about buying or selling or seeking information, rely on RE/MAX Best Associates 800-391-BEST(2378) X106 or 913-339-0615 to provide accurate up to date information about the marketplace email to: tfarrell@remax.net or visit http://www.kansascityerealestate.com

Important Details of Changes in Real Estate Tax Credit

Terry — Fri, 06 Nov 2009 17:28:16 +0000

Victory – Victory – Victory! As the expiration looms for the end of the original homebuyer tax credit (Nov 30th), Congress has agreed to extend and expand the real estate homebuyer tax credit. NAR (The National Association of Realtors), has published a comparison chart you may find very helpful to understand and explain this new version of the real estate tax credit. Read the Tax Credit Comparison document on line or Download the Real Estate Tax Credit Comparison by Clicking HERE and save to your computer now. President Obama may sign as early as today! Please call or comment with questions.

$8000 Tax Credit Possibly Extended For Military in Kansas City and Elsewhere!

Terry — Wed, 28 Oct 2009 19:21:33 +0000

According to Active Rain the House of Representatives has voted unanimously to extend the the 1^st time buyer tax credit to active military personnel, foreign service and intelligence officers. The bill (HR3950) would extend the existing tax credit to this group only until November 30th, 2010. The bill must still be passed by the Senate