Jump to content


Photo
- - - - -

Senate approves $15,000 tax credit for homebuyers...


  • Please log in to reply
15 replies to this topic

#16 Zaximus

Zaximus

    I'm Brett Jensen

  • HUDDLER
  • PipPipPipPipPipPipPipPipPip
  • 4,408 posts
  • LocationMatthews, NC

Posted 05 February 2009 - 06:54 PM

How is that? Looks like a straight up tax credit to me.


They give you $7500, I'm guessing to help people with down payment and closing costs. In return, you owe the government $500 more in taxes every year for 15 years to pay it back. I guess it's basically taken out of your return.


0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

Contact Us: info@carolinahuddle.com - IP Content Design by Joshua Tree / TitansReport.