First-Time Home Buyer Tax Credit
Good news!
The tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to receive a tax credit of up to $8,000, while existing homeowners will receive a credit of up to $6,500. Existing homeowners will be eligible for the $6,500 if they have lived in their current residences for at least five years. The bill also will increase the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000.
Sounds too good to be true? Learn how you can take advantage of this $8,000 tax credit to buy the home of your dreams.
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Contact a First-Time Home Buyer Specialist for help with purchasing your first home. Call 949-689-4722 or fill out the form below.
I am here to GUIDE you in making the right choices with "Professional Guidance from Contract to Closing"!
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