Are you eleligible for the first time home buyers tax credit?
Below you will find some information regarding the $8,000 government tax credit we’ve all been hearing so much about - it’s a great opportunity that should be utilized if possible, but there is a lot to it.
- The IRS defines a first time home buyer as someone who has not owned a primary residence in the three years prior to the current home purchase.
- The tax credit is yours to keep. It does not have to be replaced.
- The tax credit is equal to 10% of the purchase price of the home, up tp $8,000.
- The tax credit is available for homes purchased on or before 1/01/2009 and before 12/01/2009.
- Single taxpayers with incomes of up to $75,000 and married couples with incomes of up to $150,000 are eligible for the full tax credit.
Feel free to contact me via e-mail or phone for more information on this opportunity.
