Tag: Tax Credits

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...

How to qualify for DC Homestead Deduction

Written by Federal Title on 2017-08-31.

Real estate agents and homebuyers often ask us about DC Homestead Deduction, a program that offers tax relief to District homeowners. Who qualifies and what are the benefits? As a complimentary service, Federal Title will complete and file...

My parents are going to be on title with me. Can I still qualify for the DC Homestead Deduction?

Written by Federal Title on 2013-05-30.

If you are buying a property in DC and otherwise qualify for the Homestead Deduction, you will still qualify even if your parents, who live somewhere else, are co-owners with you. As a benefit to homeowners living in a property as their principal...

I just bought a property in Maryland. How do I qualify for the Homestead Tax Credit?

Written by Federal Title on 2013-05-28.

If you just bought a property in Maryland, there is nothing that you need to do right now to qualify for the Maryland Homestead Tax Credit. The property taxes you pay are calculated based upon the assessed value of your property. If the assessed...

Household income a factor on DC Tax Abatement application

Written by Federal Title on 2011-11-21.

"My wife and I are buying a property for our son in Washington, DC The purchase price is $445,000, so we heard that we might be eligible for the DC. Tax Abatement Program. Is this possible, and if so, what might we have to do to make sure...

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Tag: Tax Credits

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

How to qualify for DC Homestead Deduction

My parents are going to be on title with me. Can I still qualify for the DC Homestead Deduction?

I just bought a property in Maryland. How do I qualify for the Homestead Tax Credit?

Household income a factor on DC Tax Abatement application

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