Archive for Federal Tax Credit

Time is Running Out on Energy Tax Credits

You can still get a tax credit for home improvements, but most of them are about to expire (again). Last year, Congress extended the tax credit for many energy-efficient home improvements through 2013.

December 01, 2013 | Author: By Kimberly Lankford, Kiplinger Consumer News Service | Comments: Comments Off | Categories: Economy, Economy AOI, Education, Federal Tax Credit

Pick Up Tax Credits on Home Upgrades Before Winter

New Chicago real estate owners can enjoy some big tax benefits by giving their homes upgrades, and in doing so now can also make for a more comfortable rest of the year – after all, winter is coming. Energy efficient tax rebates are a great win-win offered by the federal government, as you save on [Read More]

August 21, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Economy, Education, Energy Efficient, Federal Tax Credit, Green Living

Chicago and Suburban Home Sales Keep Moving Up

The Chicago real estate market is showing signs of stabilization. On Thursday, the Illinois Association of Realtors (IAR) reported that existing home sales went up for the 10th straight month in Chicago and throughout Illinois. According to IAR’s latest report, there were 2,526 total home sales in June 2010 in the city of Chicago; that’s [Read More]

July 22, 2010 | Author: Tracey | Comments: (1) | Categories: Chicago Real Estate News, Economy, Featured

Congress Approves Extension to Home Buyers Tax Credit

Worried you aren’t going to close on time to get your Home Buyer Federal Tax Credit? You aren’t the only one. Congress has approved a plan that would give buyers an extra three months to close on their homes in order to qualify for the tax credit. Senate Majority Leader Harry Reid, D-Nevada, introduced the [Read More]

July 01, 2010 | Author: Tracey | Comments: (2) | Categories: Chicago Real Estate News, Federal Tax Credit

May Home Sales Shower Positive News on Chicago Area

The Chicago real estate market continues to improve. According to the Illinois Association of Realtors, year-over-year existing home sales in the Chicago area increased for the 11th straight month, up 33.6 percent in May 2010 compared to May 2009. The city of Chicago saw an increase for its ninth consecutive month, up 32.1 percent in [Read More]

June 22, 2010 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy, Featured

Construction Activity Saw Largest Increase in Almost 10 Years

The hardest-hit sector of the real estate industry is showing signs of improvement. The U.S. Census Bureau of the Department of Commerce on Tuesday announced that construction spending throughout the nation in April 2010 rose by 2.7 percent to an annual rate of $869.1 billion compared to March. That’s the largest one-month increase since August [Read More]

June 01, 2010 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy
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