2009 First Time Homebuyer Credit, published in The Epoch Times Chinese.

Posted by Wei Min Tan on October 30, 2017

Publication:  The Epoch Times Chinese

 

Summary:  Wei Min Tan writes about the First Time Home Buyer Tax Credit which provides a credit of up to $8,000 for first time home buyers in 2009.   This was originally written in English and then translated into Chinese for Epoch Times’ Chinese newspaper.

 

Excerpt from the English writeup:  The 2009 First Time Home Buyer Tax Credit is part of the American Recovery and Reinvestment Act signed by President Obama into law on February 17, 2009 to revive the housing market. By providing a $8000 tax credit to first time home buyers, this credit aims to increase the number of buyers and consequently stimulate the slumped housing market in the US.

This 2009 Tax Credit differs form the 2008 Tax Credit in two major ways.
(i) The 2009 Tax Credit allows for a credit of up to $8000 while the 2008 credit allows for only up to $7500
(ii) The 2008 credit has

 

Note:  The URL of the article in Epoch Times Chinese has been discontinued.

 



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Wei Min Tan is a property broker focusing on Manhattan, New York luxury condominiums and foreign buyers. He is often interviewed by the media including CNN, The New York Times and The Wall Street Journal on the subject of foreign buyers of Manhattan property.