Archive for February, 2009
$8000 Tax Credit for First-Time Homebuyers Available Now
Posted by: | CommentsCredit Offers Up to $8,000 to Qualifying Taxpayers Now
Washington, DC – In an ongoing effort to deliver on swift implementation of the Obama Administration’s recovery, stability and affordability plans, the U.S. Department of the Treasury touted today the availability of an expanded tax break for first-time homebuyers – a provision under the American Recovery and Reinvestment Act of 2009 that will make up to $8,000 available now to qualifying taxpayers who buy homes this year.
First-time home buyers represent a significant portion of existing single-family home sales. In 2008, nearly one out of every two homebuyers were buying for the first time, and the expansion in the first-time homebuyer credit will make it easier for first-time home buyers to enter the housing market this year.
“The expansion of the first-time home buyer tax break as part of the President’s recovery agenda gives money to taxpayers when they need it most, while also targeting an important group of buyers,” said Treasury Secretary Tim Geithner. “We view our economic recovery plan, our financial stability plan and now this homeowner affordability plan as three legs of the same stool – an integrated whole that represents our immediate response to the current crisis. We remain committed to swift, efficient and effective implementation of all of these components.”
The announcement comes on the heels of the first Recovery Plan Implementation meeting led by Vice President Joe Biden at the White House this morning; Secretary Geithner was among several Cabinet secretaries to attend and offer updates on implementation efforts in progress at Treasury and its bureaus. Vice President Biden is overseeing the Administration’s implementation of the Recovery Act’s provisions.
The Internal Revenue Service (IRS) has posted on IRS.gov a revised version of Form 5405, First-Time Homebuyer Credit to incorporate provisions from the American Recovery and Reinvestment Act. Under the new law, qualifying taxpayers who buy a home this year before December 1 can claim up to $8,000, or $4,000 for married individuals filing separately, on either their 2008 or 2009 tax returns. Unlike the prior first-time homebuyer credit, this is money individuals do not need to pay back.
To view the form and additional information on who can and cannot claim the credit, income limitations and repayment of the credit, please visit IRS.gov or go online to www.FederalHousingTaxCredit.com
Energy Efficient Appliance Rebates end April 30
Posted by: | CommentsLt. Governor Becky Skillman has announced the availability of rebates that will help Hoosiers offset the cost of heating their homes, washing clothes or even taking a shower. The Indiana Residential Energy Efficiency Rebate program will provide cash rebates for the purchase and installation of energy efficient furnaces, boilers and water heaters in existing Indiana homes.
This rebate program is all about Hoosiers making a difference at home,” said Lt. Governor Becky Skillman. “Installing a more energy efficient furnace or water heater means homeowners can reduce the amount of energy they use to stay warm or have hot water, and save money on their utility bill at the same time.”
A total of $250,000 is available for the rebate program, which is being administered by the Indiana Office of Energy Development. Funding for the program was provided by the U.S. Department of Energy.
The rebates, which range from $75 to $400, are available for existing single family homes that are the primary residence of the applicants. Applicants must have a household income of $75,000 or less to be eligible for the rebate program. The rebate application must be approved before any work is done. Applications must be received by April 30, 2009 to be considered. The guidelines for the rebate program are available for download at www.energy.IN.gov.
BAGI Education presents Houses that Work
Posted by: | CommentsIf you are interested in learning about:
- Building practices and requirements as they relate to the 2006 IECC
- Building science principles applied to mainstream construction practices
- Increasing the tolerance and durability of the structures you build;
- Reducing your exposure to litigation due to building system failure;
- Reducing costly call-backs;
- Incorporating “green” practices;
- Increasing customer satisfaction;
- Increasing your profits;
Then you NEED to attend a HOUSES THAT WORK™ educational class!
Houses That Work classes have helped thousands of building professionals benefit from understanding the house-as-a-system regardless of what climate zone or the number/size of the homes they build.
Houses That Work is THE educational class for the building professional.
Houses That Work education qualifies for CEU credit for AIA, AIBD, RESNET and the NAHB’s CGP Designation and is approved by the USGBC’s Education Provider Program.
March 13, 2009
Registration: 7:30AM CST
Session: 8:00AM – 4:00PM CST
Event Pricing
Normal Registration: $125
– After March 6, 2009: $135
Student Registration: $63
– After March 6, 2009: $68
As part of the partnership between EEBA and RESNET, the first three RESNET members to sign up for each session can attend for free!! To register for this session, please call Nancy or Dona at EEBA: 952.881.1098 and verify your RESNET membership.
Presenter
Gord Cooke
EEBA Certified Trainer
Location
Builders Association of Greater Indianapolis
Indiana Housing Center
1011 Dr. Martin Luther King Jr. Street
Indianapolis, IN 46202
Sponsored locally by Owens Corning
