U.S. Congress - H.R.5239 Homeowner Tax Assistance Act
H.R.5239 - Homeowner Tax Assistance Act
To amend the Internal Revenue Code of 1986 to provide an additional 25 percent allowance for the deduction of qualified residence interest with respect to a principal residence, and to waive recapture of the first-time homebuyer tax credit with respect to residences purchased during 2008. view all titles (2)
All Bill Titles
- Short: Homeowner Tax Assistance Act as introduced.
- Official: To amend the Internal Revenue Code of 1986 to provide an additional 25 percent allowance for the deduction of qualified residence interest with respect to a principal residence, and to waive recapture of the first-time homebuyer tax credit with respect to residences purchased during 2008. as introduced.
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Official Summary
5/6/2010--Introduced.Homeowner Tax Assistance Act - Amends the Internal Revenue Code to: (1) increase by 25% the allowable tax deduction for mortgage interest on a principal residence until 2014; and (2) waive the requirement to repay credit amounts under the first-time homebuyer tax crediOfficial Summary
5/6/2010--Introduced.Homeowner Tax Assistance Act - Amends the Internal Revenue Code to:(1) increase by 25% the allowable tax deduction for mortgage interest on a principal residence until 2014; and
(2) waive the requirement to repay credit amounts under the first-time homebuyer tax credit for residences purchased on or after April 9, 2008.
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H.R.5239: Homeowner Tax Assistance Act - U.S. ... - OpenCongress
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