Remodeling show questions
Today's topics were all over the house, no pun intended. Questions about bathrooms, kitchens, basements, and full house remodeling. Customers seem to not be hesitant about remodeling like the past 2 years through the economic downturn. The remodeling show is a great venue to ask questions face to face, in a no pressure situation.
Remodeling show
Remodeling show is here and off to a great start. Come join us at the 2011 Kansas City Remodeling show all weekend. Young remodeling can answer questions and provide help to remodeling needs. See you there!
Home Buyer Tax Credit - Extended and Expanded
Congress voted overwhelmingly Thursday, November 5, 2009, to pass a new law that will extend the $8,000 credit for first-time home buyers for sales contracts entered into by April 30, 2010 and closed by June 30. Excitingly, it has been expanded to include a new $6,500 credit for owners of existing homes who are purchasing a new principal residence.
An existing home owner can claim the $6,500 tax credit if they have been residing in their principal residence for five consecutive years out of the last eight. Additionally, the income eligibility limits to claim the full credit amount for both groups of home buyers have been raised to $125,000 for individuals and $225,000 for married couples.
As a member of the Home Builders' Association (HBA), Young Painting & Remodeling helped spread the importance of Congress passing this law through networking events, phone calls and emails. We know that in the current economy, every person deserves the opportunity to own a house and have a place to call "home."
An existing home owner can claim the $6,500 tax credit if they have been residing in their principal residence for five consecutive years out of the last eight. Additionally, the income eligibility limits to claim the full credit amount for both groups of home buyers have been raised to $125,000 for individuals and $225,000 for married couples.
The National Association of Home Builders' estimates that the extended and expanded home buyer tax credit will create 211,000 jobs and generate 180,000 additional home sales in the coming year. It is also expected to generate $9.6 billion in wage income and $6.9 billion in federal, state and local taxes.
As a member of the Home Builders' Association (HBA), Young Painting & Remodeling helped spread the importance of Congress passing this law through networking events, phone calls and emails. We know that in the current economy, every person deserves the opportunity to own a house and have a place to call "home."
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