In November 2009, the Obama administration announced a revision and expansion of the existing tax credit for home buyers throughout the United States.
We have provided a
free report with all the latest information regarding this new tax credit
Home Buyer Tax Credit at a Glance:
- The $8,000 tax credit is available for first-time home buyers only (have not owned a home in 3 years).
- The maximum credit amount is $8,000 and the credit only applies to homes under contract no later than April 30, 2010 and closed no later than June 30, 2010.
- The $6,500 tax credit is available for those who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.
- Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit. The credit is less if you exceed these income restrictions.
- The tax credit does not have to be repaid unless it ceases to be your primary residence within 3 years of purchase.
What You'll Get in the Free Report:
- Detailed information on both the first time homebuyer tax credit and the existing homeowner tax credit
- Answers to some of the most commonly asked questions about qualifying for the credit
- Updated questions and answers from the IRS regarding the new tax credit
- The IRS form links and instructions needed to claim the tax credit
Get The Full Free Report With IRS Information Here:
