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Homeowner Tax Credit Extended

Samuel Gibson Jr NV-MLD 3080 Branch Manager Senators have agreed to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.   The tax credit provides up to $8,000 to first homebuyers but is set to expire at end of November. A spokeswoman from Senator Majority Leader Harry Reid said senators agreed Wednesday to extend the existing tax credit of... [Read more]

Are You Withholding Enough for This Year’s Taxes

Samuel Gibson Jr NV-MLD 3080 Branch Manager Based on the “Making Work Pay” tax credit, employers now use new withholding tables to lower the amount of tax that is withheld from eligible workers’ paychecks.   That’s means, you’re probably receiving more money in each paycheck up to $400 more per year if you are single and up to $800 more if you file jointly. While... [Read more]

Seven Reasons to Buy Your First Home

Samuel Gibson Jr NV-MLD 3080 Branch Manager 1. Free Money. The $8,000 tax credit for first time buyers is valid before December 1, 2009. This special tax credit from the government that you don’t have to pay back, as long as you stay in the home for at least 36 months. 2. Affordability. Based on recent property declines and current interest rates, home affordability has not been higher since... [Read more]