A $6,500 federal income tax credit given by the IRS to homebuyers who had owned and lived in the same residence for 5 of the last 8 years before the purchase of their next home. To be eligible for the tax credit homebuyers were required to close on their new home prior to June 30, 2010. This was done in an effort to boost home sales.
Related information about Longtime Homebuyer Tax Credit:
- Longtime Homebuyer Tax Credit Definition | Investopedia
The Longtime Homebuyer Tax Credit was a federal income tax credit available to homebuyers who had owned and lived in the same principal residence for five ...
- Refundable Credit Definition | Investopedia
Tax Credit. An amount of ... Additional Child Tax Credit. A refundable ... Section 1341 Credit. A tax credit ... Longtime Homebuyer Tax Credit. The Longtime .
- What is tax credit? definition and meaning
Low-Income Housing Tax Credit (LIHTC) · Longtime Homebuyer Tax Credit · Unified Tax Credit · earned income tax credit · first-time homebuyer tax credit ...
- What is IRS? definition and meaning
... non qualified retirement plan constructive receipt 9 automatic tax lien qualified dividend longtime homebuyer tax credit the free daily email newsletter educate ...
- What is look through? definition and meaning
look through. Longtime Homebuyer Tax Credit · look-ahead bias. Definition. A concept for analyzing investments. Made popular by Warren Buffett, look through ...
- What is boost? definition and meaning
Related Terms. odd-lot buyback · recapitalization · active index fund · Longtime Homebuyer Tax Credit · capital output ratio · improvement · enhanced index fund ...
- Browse InvestorWords.com: Taxes terms
long-term gain or loss · Longtime Homebuyer Tax Credit · loophole · loss carryover · loss sale · Low-Income Housing Tax Credit (LIHTC) · lump-sum deduction ...
- InvestorWords.com: Terms starting with L
long-term mortgage · long-term security · longevity bond · longevity derivatives · longevity insurance · longevity risk · longs · Longtime Homebuyer Tax Credit ...