Tuesday, July 17, 2012
Friday, January 8, 2010
Tuesday, December 22, 2009
MAINE HOME SALES UP 48.55%
MAINE HOME SALES: In a press release to the media today, MREIS reports that Maine's single-family existing home sales increased 48.55% comparing November 2009 to November 2008. The median sales price is $164,000, a decrease of 4.8% for that same time period. Median means that half sold for more, half sold for less. Nationally, home sales in November increased 42.1% and in the Northeast, a 52.7% increase. The complete press release: http://www.mainerealtors.com/Statistics/2009PressReleases/MaineHousingReport-November2009.pdf
Tuesday, November 10, 2009
Monday, November 9, 2009
Tax Information on Extended First Time Homebuyer Credit
The new Worker, Homeownership and Business Assistance Act signed into law on Nov. 6, 2009 extends the first time homebuyer credit of $8,000 to sales made on homes purchased before April 30, 2010. The credit remains a fully refundable credit and does not have to be repaid. It is available to taxpayers whose income is up to $125,000 for single filers and $225,000 for joint filers. The credit can be claimed on an amended or current year return.
A new credit of up to $6,500 is also available for repeat homebuyers who have been in their principal residence during any five year consecutive period during the 8 year period that ends on the date the replacement home is purchased not to exceed April 30, 2010 or closing date of June 30, 2010. It is also fully refundable and does not have to be repaid. Taxpayers whose income does not exceed $125,000 for single filers and $225,000 for joint filers are eligible for the full credit with a complete phaseout at $145,000 for single filers and $245,000 for joint filers.
The credit is claimed on Form 5405, which is submitted with the original or amended tax return. For more information, visit www.sandrabaur.com or www.irs.gov.
A new credit of up to $6,500 is also available for repeat homebuyers who have been in their principal residence during any five year consecutive period during the 8 year period that ends on the date the replacement home is purchased not to exceed April 30, 2010 or closing date of June 30, 2010. It is also fully refundable and does not have to be repaid. Taxpayers whose income does not exceed $125,000 for single filers and $225,000 for joint filers are eligible for the full credit with a complete phaseout at $145,000 for single filers and $245,000 for joint filers.
The credit is claimed on Form 5405, which is submitted with the original or amended tax return. For more information, visit www.sandrabaur.com or www.irs.gov.
Friday, November 6, 2009
AddThis - AddThis Toolbar for Internet Explorer
This is a really cool tool for those of you who like to blog. Definitely worth the download!
AddThis - AddThis Toolbar for Internet Explorer
AddThis - AddThis Toolbar for Internet Explorer
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