Posts tagged as:

Tax

We Still have Tax Credits!

Even though the $8,000 First Time Home Buyer expired earlier this year, there is still a great tax credit program for some First Time Home Buyers in North Carolina. While all homeowners can claim an itemized tax deduction for mortgage interest, a Mortgage Credit Certificate (MCC) goes a step further by reducing tax liability, dollar-for-dollar, [...]

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Home Buyer Tax Credit Rules

Image by Martin Haesemeyer via Flickr General Rules for the Home Buyer Tax Credit: A “first time home buyer” is defined as someone who has not owned a primary home in the last three years. If you are a “first-time home buyer”, your tax credit will amount to 10% of the purchase price of your [...]

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