The show is a smart mix of humor and social commentary, and has had a diverse lineup of guest stars, including Colin Hay of Men at Work, Brendan Fraser, Dick Van Dyke and, in one of his...read more.
Traditional IRA distributions are taxable and, unless you're 59 1/2 years old, subject to an extra 10 percent tax penalty. However, if you qualify as a first-time home buyer, you avoid the additional tax, but not regular income taxes, on your distribution. For example, assume you're not yet 59 1/2 years old, that you pay a 25 percent tax rate and that you take a $10,000 distribution for your first home.
Many state-run housing assistance programs have no set expiration date, rather they expire when the money allocated to the particular effort runs out--first come, first serve. A first-time homebuyer is defined in all 50 states as someone who has never owned a home or hasnât been a homeowner in the last three years.. While the tax credit has been expired since 2010, there was overwhelming support among HSH.com readers to extend the deadline.