Monday, November 16, 2009 - Written by Coldwell Banker DuFour Realty
So, What's So Great About A Tax Credit?
The benefit of a tax credit is that it's a dollar-for-dollar benefit rather than a "tax-deduction", or reduction in a tax liability that would only save you $1,000 - $1,500. So, if a first-time home-buyer qualifies for the entire $8,000 but has a tax liability of $6,000 the buyer will receive a check for $2,000
Call a Coldwell Banker DuFour Realty Agent today for details (530) 895-2545.
The benefit of a tax credit is that it's a dollar-for-dollar benefit rather than a "tax-deduction", or reduction in a tax liability that would only save you $1,000 - $1,500. So, if a first-time home-buyer qualifies for the entire $8,000 but has a tax liability of $6,000 the buyer will receive a check for $2,000
Call a Coldwell Banker DuFour Realty Agent today for details (530) 895-2545.
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