2010 Tax Credits for Home Buying!

$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 Replies to “2010 Tax Credits for Home Buying!”

  1. 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.

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