According to a press release distributed earlier today, the Internal Revenue Service and the U.S. Department of the Treasury announced that the first round of the American Rescue Plan's Child Tax Credit (CTC) monthly payments will start being issued on July 15.
(Chicago Sun Times) — Pawel Witkowski is excited about his new job as a design consultant, and handled with aplomb his appearance at a news conference Monday to explain that the job came with a tax credit for small businesses. Witkowski’s employer, Wilmette-based de Giulio Kitchen Design, employs 45, so it was eligible to take […]
(The Real Deal) — In the wake of the expiration of the first-time homebuyer’s tax credit, the developers of Beacon Towers, a new cooperative residential development in Harlem, are offering a tax credit to buyers, they announced today. The credit — $8,000 in cash for new contracts signed between now and July 31– will be […]
(NYTimes.com) — Real estate agents say buyers and sellers are hurrying to take advantage of the tax credit, which is worth up to $8,000 for home buyers. But the last-minute rush is also prompting some foreboding about what will happen to the market on April 30 when the credit ends — and whether it is […]
Government incentives for home ownership can easily turn sour for taxpayers.