First-time Homebuyers Archives - Federal Title & Escrow Company

Tag: First-time Homebuyers

DC First Time Homebuyer Program vs DC Lower Income Tax Abatement Program: What proof of income documents do I need to provide to the title company?

Written by Stephanie Dudley on 2021-02-10.

The District of Columbia offers several homebuying programs, including the popular DC Tax Abatement program and the DC First-time Homebuyer Recordation Tax Reduction program. We’ve noticed sometimes homebuyers get these two programs confused...

DC Tax Abatement Income, Purchase Price Thresholds Increase

Written by Federal Title on 2020-10-05.

Officially known as the Lower Income Homeowner Exemption Program, DC Tax Abatement delivers a large tax savings to first-time homebuyers who qualify.

DC First-Time Homebuyer Recordation Tax Reduction

Written by Ben Raffel on 2019-10-17.

Below Are The Updated (October 2019) Requirements To Qualify For A Recordation Tax Reduction: The purchase price can’t exceed $647,000. Total household income doesn’t exceed the below thresholds: Persons In Household Household...

What’s the Benefit of the Maryland First-time Homebuyer Tax Credit?

Written by Federal Title on 2018-04-05.

What’s the Benefit? The Maryland First-Time Homebuyer Credit exempts the buyer from paying the State Transfer Tax. Qualifications* All homebuyers must be individuals (cannot be a trust or other entity) who have never owned in the state of...

What’s the status on B21-0417, aka The First-time Homebuyer Tax Benefit Amendment Act of 2015?

Written by Nikki Smith on 2016-04-11.

Legislation that would offer tax relief for District residents buying DC real estate is currently under committee review and awaiting scheduling for a mark-up, a spokeswoman for the Council's Committee on Finance and Revenue said. Known...

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Tag: First-time Homebuyers

DC First Time Homebuyer Program vs DC Lower Income Tax Abatement Program: What proof of income documents do I need to provide to the title company?

DC Tax Abatement Income, Purchase Price Thresholds Increase

DC First-Time Homebuyer Recordation Tax Reduction

What’s the Benefit of the Maryland First-time Homebuyer Tax Credit?

What’s the status on B21-0417, aka The First-time Homebuyer Tax Benefit Amendment Act of 2015?

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