2010 Tax Credits for Home Buying!
By lipply on Dec 20, 2009 in Uncategorized
$6,500 Tax Credit for Current Homeowners!
• Receive up to $6,500 in a tax credit on a new home purchase
(you must have lived in your current home for 5 consecutive years over the past 8 years).
• Purchase home by April 30, 2010 and close by June 30, 2010.
• Income limits to qualify for full tax credit have increased to $125,000 for individuals or $225,000 for joint filers. (Partial tax credit may be granted for incomes up to $145,000 for individuals or $245,000 for joint filers).
• Home must be used as your primary residence.
Is someone you know a first-time homebuyer?
• Tell your family and friends - up to $8,000 tax credit for new homebuyers!
• Buyer(s) must sign a purchase contract by April 30, 2010 and close by June 30, 2010.
• Homebuyers cannot have owned a home during the past three years.
• Home must remain primary residence within 3 years of the purchase date.
• Income limits to qualify for full tax credit have increased to $125,000 for individuals or $225,000 for joint filers. (Partial tax credit may be granted for incomes up to $145,000 for individuals or $245,000 for joint filers).
Let us know when you are ready to look at Pinellas County Real Estate.
2 Comment(s)
By RE/MAX Indianapolis Real Estate on Feb 6, 2010 | Reply
You have to love these tax credits! I’m seeing a lot of buyers start to “rush” a bit to ensure they close in time to qualify.
By Denver Home Loans on Feb 11, 2010 | Reply
It will be interesting to see how it impacts the housing market when this expires. There are many buyers taking advantage of this or deciding to buy a home sooner rather than later because they want to take advantage of this.