DC Real Estate Tax Credit passes with other economic measures

Photo courtesy of
‘Two Dollar #11’
courtesy of ‘Chris Rief aka Spodie Odie’

When the House passed the economic package late last night, it included an extension of the Bush-era tax cuts, but it also included a $5,000 tax credit for those buying a house in D, and a $3,000 per employee wage credit for each DC resident hired by DC businesses.  These are retroactive through all of 2010 and extend through all of 2011.  In addition, there are some capital gains-free transactions for some DC businesses, so you’ll probably want to talk with your accountant about that.

I live and work in the District of Columbia. I write at We Love DC, a blog I helped start, I work at Technolutionary, a company I helped start, and I’m happy doing both. I enjoy watching baseball, cooking, and gardening. I grow a mean pepper, keep a clean scorebook, and wash the dishes when I’m done. Read Why I Love DC.

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