First time home buyers tax credit


	First time home buyers tax credit

xmailr

4-2-2009 10:56 PM

88 views

tags:

first time home buyer, tax credit, lowest prices, inflation, standard deductions

xmailr says:

The Gov will now pay you to buy your first home.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e6d656ad-b160-418d-becb-6ade5dc74c3b/16B4667D-C8C3-43EE-859A-0FC89713179E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://ahousebuy.com/new-first-time-home-buyer-tax-credit/" href="http://ahousebuy.com/new-first-time-home-buyer-tax-credit/" style="font-size: 11px;">ahousebuy.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://ahousebuy.com/new-first-time-home-buyer-tax-credit/"><P>
That would certainly buy some new drapes. In reality, you’ll find that after all of your deductions the government will actually be paying you to buy a house.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://ahousebuy.com/new-first-time-home-buyer-tax-credit/"><P>So if you are just considering your options I would say do all you can to make that purchase this year.  You’ll get the lowest prices, beat inflation, get a great interest rate and get that new <A href="http://ahousebuy.com/new-first-time-home-buyers-tax-credit/">first time first time home buyer credit</A>.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://ahousebuy.com/new-first-time-home-buyer-tax-credit/"><P>
Let’s say you have two children and your wife is a full time homemaker.  Your credits for the children are $1000. This does not include the standard deductions which are subtracted from your gross income.  But just your credit puts you at 8,080 in taxes due.  So if you buy that house you pay no taxes or get all you paid in 2009 back in 2010.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/16B4667D-C8C3-43EE-859A-0FC89713179E/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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