South Tampa Realtor
Are you paying for private mortgage insurance (PMI)? In 2014, private mortgage deductions could disappear For tax year 2013, you can treat qualified PMI premiums as home mortgage interest, but the deduction only applies if your adjusted gross income is no greater than $109,000, and it is available only for mortgages entered into between 2007 […]
Income Tax Tips When Selling Your Home The IRS publishes a helpful pamphlet called “publication 523 Selling Your Home”. It was last published for use with 2011 income tax returns. The publication contains tax information related to the sale of your home if you sold your main home during the previous tax year. What is […]
FROM: NAR Government Affairs RE: Tax Credit Closing Date Extension/Flood Insurance Extension DATE: 30 June 2010 After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place […]
Timing Couldn’t Be Much Better for First-time Homebuyers– Be Sure You Make the Right Moves By Rae Anna Conforti, PA Prudential Tropical Realty-Tampa, Fl First-time homebuyers dominated the U.S. real estate market in 2009, accounting for roughly half of all residential transactions, according to the National Association of REALTORS®. That trend is likely to continue […]
The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April […]
Home Owner Move-Up/Repeat Home Buyer Tax Credit FAQ The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 […]
If you are looking to use the first time home buyer tax credit, here is the information on changes and the extension. I’ve also posted links to a spreadsheet that provides more details on changes to the tax credit. Please take the time to read over the Frequently Asked Questions document as well. Please let […]
Here’s an update on the home buyer tax credit which is hopefully going to be EXTENDED until June 2010. This will make a big impact on Tampa Real Estate, since many buyer’s have now run out of time to purchase a home by Dec. 1st. Glad to see they are working on extending it! WASHINGTON — Senators […]
There is no official news that the tax credit will be extended past the Dec 1st deadline. Realtors are campaigning to ask Congress to extend the credit for one year. As a Realtor, I can assure you that the $8,000 first-time homebuyer tax credit has definitely been a success. Homebuyer interest and housing sales increased […]
First Time Home Buyers Seminar @ IKEA “$500 certificate for closing costs to anyone that attends” Hosted by: Transcontinential Lending Group Price: FREE Infact we are giving away $500 dollars for attending Date: Tuesday, September 15, 2009 Time: 7:00pm Location: IKEA Ikea Tampa, FL – www.ikea-usa.com 1103 N. 22nd Street, Tampa, Fl 4 reviews, […]
