Tagged : tax credit 
There are currently 2 blog entries matching this tag.
DC First-time Homebuyer Tax Credit Extended
Monday, December 20th, 2010 at 2:04pm. 2812 Views, 0 Comments.
Today President Obama signed an extension through 2011 for DC's First-time Homebuyer Tax Credit program. The program offers a tax credit of up to $5,000 for low and moderate income first-time buyers in the District.
The program specifics are as follows:
Eligibility:
Any first-time buyer in the District, you can even qualify even if you own or previously owned a home in another jurisdiction as long as it is not the District.
Amount of Credit:
Up to $5,000 for married joint-filing taxpayers and $2500 for individual taxpayers
Income Restrictions:
Married joint-filing taxpayers up to $130,000 and individual taxpayers up to $90,000 in modified adjusted gross income (AGI) are eligible. A credit phase out kicks in for AGI…
DC First-time Homebuyer Tax Credit
Wednesday, June 2nd, 2010 at 9:04am. 5695 Views, 3 Comments.
Although the deadline for qualifying for the Federal $8,000 First Time Buyer Tax Credit has expired, there is a tax credit of up to $5,000 still available for first time buyers in the District of Columbia. This program, first introduced as part of the Taxpayer Relief Act of 1997 and later extended via the Families Relief Act of 2004 and the Tax Extenders Act of 2009 is targeted at aiding low and moderate income families in purchasing a first home in the District.
Eligibility:
Any first-time buyer in the District, you can even qualify even if you own or previously owned a home in another jurisdiction as long as it is not the District.
Amount of Credit:
Up to $5,000 for married joint-filing taxpayers and $2500 for individual taxpayers
Income Restrictions:
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