|
|
Limited Time!
$8000 Tax Credit
for First Time Home Buyers | |
|
Right now, the federal government is offering an $8000 tax credit to aspiring home buyers to help them buy their first home.
If you qualify, the tax credit can help move you from "renter" to "home owner". The money from the tax credit can help you with your down payment, closing costs, even some home improvements. This is a limited time offer so don't delay, call us today at 507-398-3251.
Our network of agents can help you find your dream home anywhere in the country! |
|
|
The tax credit is part of the American Recovery and Reinvestment Act of 2009, signed into law on February 17, 2009, and enacted to help stabilize the housing market and strengthen our overall economy.
Eligibility
You can get full details of the program at www.irs.gov. The tax credit is designated for first-time home buyers, defined as those who have not owned a home in the last three years. The tax credit is equal to ten percent of the home purchase price, which is capped at $8,000. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. Single taxpayers with incomes between $75,000 and $95,000, and married couples with incomes between $150,000 and $170,000 qualify for partial credit.
Single-family homes, townhomes, or condominiums will qualify for the tax credit, provided that the home is used as the principal residence and the home is purchased by December 1, 2009. This also includes new construction homes if occupied by December 1, 2009.
Frequently Asked Questions
For further information about eligibility requirements and limitations, visit www.irs.gov.
| | | |
|
|
