8000 Reasons You Should Buy A Home

A tax credit of up to $8,000 is now available for first-time home buyers purchasing a home on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.

If you’ve been looking for details about the new $8000 tax credit,  here are the details:

 Sneak peek of what the Tax Credit looks like:

 ·   The tax credit is for first-time home buyers only.

 ·   The tax credit does not have to be repaid. (A true credit).

 ·   The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

 ·   The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.

 ·   Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

 ·   If you have not filed your taxes yet for 2008 and you close on a home before you do so, you may be able to see that credit sooner than you thought.

 ·   A first time home buyer is defined as someone who has not purchased a home in three years

 Have more questions? There are definitely more answers. Feel free to connect with me via Facebook, Twitter, Text, Email, or by cell. I’m happy to help.

 asalmon@firstrealtyhomes.com