Rick has given us the update on the possibility of extending the tax credit. Also check the market news from last week for the coast and San Mateo County.
“There’s no question that the government’s first-time homebuyer tax credit has spurred a significant amount of sales this year. Latest estimates show that some 400,000 additional sales [...]
Posts under ‘Taxes’
It’s on the Table by Rick Turley, Coldwell Banker SF Bay Area President
98 Days remaining for $8000 Tax Credit
Our trusted lender, Andy Block of Opes Advisors in San Mateo, CA, sent this to us about the final days of the first-time homebuyer credit.
There are only 98 days remaining to take advantage of the $8,000 tax credit for first- time homebuyers. Prime candidates for the homebuyer credit are those who haven’t owned a home [...]
New Housing Law Limits Capital Gains Exclusions
If you frequently buy and sell property, this is something you need to know. The Housing and Economic Recovery Act of 2008 includes important changes to the Capital Gains Exclusion Rule. What does this mean for frequent homesellers?
In the past, homesellers could claim $250,000 of home sale profits tax-free ($500,000 if filing jointly) provided they [...]
