Tax Credit Extended & Expanded !

The newest Tax Credit applies to more home buyers!
  • First-time buyers are still eligible.
  • Repeat buyers are also eligible.
  • Income limits have been raised!
This tax credit only applies to properties that are in contract by April 30, 2010, so if you're thinking about buying a home, it's important to act quickly.1

Everybody's tax situation is different and we strongly encourage you to speak with your personal tax or financial professional to decide if this program is right for you.

A few key points about this NEW tax credit:
  • Extends the $8,000 credit for first-time home buyers.
  • Includes new $6,500 credit for owners of existing homes who have lived in their principal residence for five consecutive years out of the last eight.
  • Increased income limits of $125,000 for single filers, and $225,000 for joint.
  • Qualified home purchases must be in contract April 30, 2010 and closed by June 30, 2010.
  •  Available on homes priced up to $800,000.
Combined with ZipRealty's rebate2 and historically low interest rates, you could be looking at some serious savings on your home purchase if you buy before April, 2010.

Everybody's tax situation is different and we strongly encourage you to speak with your personal tax or financial professional to decide if this program is right for you.

Comments

Popular posts from this blog

Hardwood Flooring vs. Engineered Hardwood vs. Laminate Flooring--How to Tell the Difference

It May Be Time to Fire Your HOA Management Company