House Votes to Extend $8000 Tax Credit for Active Duty Military Purchasing Real Estate
With a large military population in Virginia Beach and Hampton Roads, the following information may be helpful to unable to take advantage of previous incentives and those considering purchasing Virginia Beach or Hampton Roads real estate in the future. The House of Representatives voted to extend the $8,000 first-time home buyer tax credit to active military personnel, Foreign Service, and intelligence officers. This extension for this specific group is until November 30th, 2010. The Senate is expected to pass the bill with...Continue Reading!
New First-time Homebuyer Tax Credit for VHDA Real Estate Downpayment Virginia Beach and Hampton Roads
How the First Time Home Buyer $8000.00 Tax Credit will help Virginia Beach Real Estate Buyers
If you are a first time home buyer considering purchasing real estate in Virginia Beach, Chesapeake, Suffolk, Norfolk, or other parts of Hampton Roads then you should take advantage of the $8000 Tax Credit being offered by the Government. The American Recovery and Reinvestment Act of 2009 authorized a $8000.00 tax credit for those who meet certain criteria below: (more...)Continue Reading!
What the $8000 Tax Credit Does for Virginia Beach and Hampton Roads Real Estate Home Buyers
Ok, you have been bombarded with the media talking about the tax credit and how it will affect Virginia Beach and Hampton Roads potential real estate buyers. There are some very important facts that you need to thoroughly understand before you jump into the real estate buying mode. Always consult with your tax expert. Let's start with the eligibility requirements: (more...)Continue Reading!
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