First-Time Home Buyer's Tax Credit

First-Time Home Buyer’s Tax Credit

If you are IN CONTRACT to buy a home by April 30, 2010 you may be eligible for an $8,000 tax credit.

What that means:

1) There is still time to take advantage of this offer. If you find the apartment of your dreams, I can have you in contract within two weeks of making the offer. You must close by June 2010.

2) Even if your income is above $125,000 for single taxpayers and $225,000 for joint taxpayers, you may still qualify for a tax credit amounting to less than $8,000.

3) Already own a home? You may qualify for the Move-Up/Repeat Home Buyer Tax Credit, if you’ve lived there for more than 5 years. For more information, http://www.federalhousingtaxcredit.com/faq2.php

Please speak to an experienced and certified accountant for information related to your individual situation.