Stacy’s Newport Beach & Real Estate

Newport Beach, Corona Del Mar & Coastal OC Real Estate

Archive for costa mesa

First Time Home Buyer Tax Credit 2010

Frequently Asked Questions About the First-Time Home Buyer Tax Credit

The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010.   However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

For sales occurring after November 6, 2009, the Act establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.

The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009, are $75,000 for single taxpayers and $150,000 for married taxpayers filing joint returns.

The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation.

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One Republic at Pacific Amphitheatre July 12th (I have bragging rights)

Yes, One Republic, the talented and newer phenom band that’s been playing all over the globe this year and last is coming to the Pacific Amphitheatre in Costa Mesa this Saturday, July 12, 2008 (after playing live at the Good Morning America Concert Series in New York on Friday, July 11th from 7:00am-9:00am).   Their original hit song, “Apologize” is still heard everywhere (I heard it as bumper music in Baja Fresh on PCH in Corona Del Mar recently, and it was used as the closing song for a “Cold Case” TV show two weeks ago).

So why do I say I have bragging rights?  Because we’ve known the very talented musician Brent* – the cellist + guitar player + bass player + what-other-stringed-instrument-can-you-think-of-that-he-can’t-play? – for a very long time and we’re so proud of him.  So how long is knowing someone for a  very long time?  Well, since the first day he was born (really!).  In fact, our son is married to Brent’s sister who is also very musically talented.  And, truth be told, the whole family is very musically talented!  (*Brent’s the good looking one on the left.)

If you’re lucky enough to have tickets to this Saturday’s One Republic Concert at the Pacific Amphitheater, we’ll look for you and say, “Hi!”  If not, click the link below and enjoy eleven of their songs from a recent One Republic concert.  And you know they have to be good when Timbaland produces One Republic!  Kudos to you guys!

ONE REPUBLIC – MSN Music in Concert