Do you know enough about the $8000 tax credit to explain it to a potential first-time homebuyer? Kate Newton, with the Pennsylvania Housing Finance Agency explains how homebuyers can monitize the $8000 tax credit.
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Do you know enough about the $8000 tax credit to explain it to a potential first-time homebuyer? Kate Newton, with the Pennsylvania Housing Finance Agency explains how homebuyers can monitize the $8000 tax credit.
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As a recent first time homebuyer, I was personally very excited to learn about the expanded 2009 first time homebuyer credit. Back in the spring, while going through the process, there was very little information available. We received conflicting or little information from all parties involved in the transaction process and ended up having...
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Ever wonder why your school district property tax has a different billing cycle than your county property tax? It's more interesting than you may think.
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House Bill 1489 (George, D-Clearfield) limits the tax to high-producing wells and would not apply to wells producing 60,000 standard cubic feet a day or less. The severance tax is expected to generate roughly $600 million annually for state coffers by 2013-14.
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The first-time homebuyer credit provides a maximum available credit of $8,000 (for homes purchased in 2009) for either a single taxpayer or a married couple filing a joint return, but only half of that amount for married persons filing separate returns. The full credit is available for homes costing $75,000 or more.
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The Pennsylvania Housing Finance Agency (PHFA) has just introduced the Tax Credit Advance Loan Program. This program is designed to help first-time homebuyers with an $8,000 tax credit.
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Speaker: PAR External Communications Specialist Samantha Krepps
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The governor proposed no realty transfer or broad based tax increases, but did recommend a tax on smokeless tobacco, a 10-cent per pack hike on cigarettes and a severance tax on natural gas extraction from the Marcellus Shale.
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Thursday, May. 17, 2012
