If you are over the age of 65 or permanently disabled, Fairfax County has a Real Estate Tax program that will reduce the amount of taxes that you are required to pay on your residence. Annually, this program helps approximately 8,000 residents save around $24 Million in property taxes! If you are a first time … Continue reading Fairfax County: Real Estate Tax Relief for Elderly and Disabled Residents
Key Features of the Extended Tax Credit “December 1 – April 30, 2010″ [1] First Time Buyer – Amount of Credit – $8000 ($4000 married filing separate) [2] First Time Buyer – Who is eligible? – Purchaser may not have had interest in a principal residence for 3 years prior to purchase. **[3] Current Homeowner … Continue reading Understand the Extended Tax Credit
On Wednesday the senate passed an expanded tax credit. The First Time Home Buyer Tax credit has been seen as a huge success and its expiration on November 30 has had many feeling nervous about what its end will mean. Those fears can now be put aside. While the bill still has to pass through … Continue reading Senate Approved Expanded Tax Credit For Home Buyers
