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Printable Form 8889 Clark Nevada: What You Should Know

To determine if you qualify for an MCC, you need to know your home value. Home Is Possible Table of Contents H.B. 2674 Would Give Nevada Homeowners a Tax Credit On Their Home's Value Jan 1, 2023 — Assembly Bill 2674, the Nevada home-owners relief act, would double the current exemption amount for the first-time homebuyer tax credit. The bill also would provide a deduction for up to 10,000 for first-time homeowners who take the tax credit. The bill, which aims to reduce high housing costs for first-time homebuyers, would also expand the value of the home equity exemption. The bill has been referred to the Revenue and Taxation Committee. Nevada Homeowners Relief Act (AB2674) Jan 8, 2023 — The Nevada Legislature will consider HE 2674 and a related Senate companion bill (SB 2382) today.  SB 2382 would double the current exemption value for the first-time homebuyer tax credit for Nevada homeowners. The bill would also provide a deduction for up to 10,000 for the first-time homeowners who take the tax credit. Both bills have been referred to the Revenue and Taxation Committee. Home Is Possible SB 2382 and HE 2674 Dec 16, 2023 — The Nevada Senate unanimously passed the Home Is Possible for Nevada homebuyers relief act (SB2382). SB 2382, sponsored by Republican Sen. John Kavanaugh and Democrat Sen. Ruben Kitten, would double the current exemption value for the first-time homebuyer tax credit in Nevada for homeowners who purchase a home with a mortgage. Both bills have been referred to the Revenue and Taxation Committee. Senate Approves Home Is Possible for Nevada Homebuyers Relief Act (SB2382) Dec 2, 2023 — The Nevada State Senate took a first important step toward approving Senate Bill 2382, the home is possible for Nevada homebuyers relief act (SB2382), which would double the current exemption value for the first-time homebuyer tax incentive in Nevada. SB 2382, sponsored by Republican Sen. John Kavanaugh and Democrat Sen. Ruben Kitten, would also provide a deduction for up to 10,000 for the first-time homebuyers who take the tax credit. Both bills have been referred to the Revenue and Taxation Committee.

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