Homebuyer Tax Credits to Expire – ACT NOW!!!





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The Homebuyer Tax Credits Expire Soon

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The homebuyer tax credits will expire soon. If you want to take advantage of these tax credits, you must act now. The tax credits are available to buyers who sign purchase agreements on a new or existing primary residence between December 1, 2009, and April 30, 2010. Buyers have until June 30 to close on their new home.

In addition to offering the $8,000 first-time homebuyer tax credit, the new law also allows a $6,500 credit for repeat or move-up homebuyers who have lived in their primary residence for five years or more.

There is an $800,000 price limit on all homes eligible for the credit. The income limits for all buyers are $125,000 per year for individuals and $225,000 for married couples. The first-time homebuyer credit is available to those who have not owned a home in the previous three years. The credit does not have to be repaid unless the home is sold or ceases to be the primary residence within three years.

I’m committed to meeting your home-financing needs. Call me if you have any questions, or if you would like to get started on a loan application today!

The above content is for informational purposes only and should not be used as a substitute for consultation with a tax advisor. We are not a law firm, nor a CPA firm.

Click here to visit my website and apply on line:
www.DavidJGarofalo.com



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  • wp socializer sprite mask 16px Homebuyer Tax Credits to Expire   ACT NOW!!! | CT Real Estate
  • wp socializer sprite mask 16px Homebuyer Tax Credits to Expire   ACT NOW!!! | CT Real Estate
  • wp socializer sprite mask 16px Homebuyer Tax Credits to Expire   ACT NOW!!! | CT Real Estate
  • wp socializer sprite mask 16px Homebuyer Tax Credits to Expire   ACT NOW!!! | CT Real Estate
  • wp socializer sprite mask 16px Homebuyer Tax Credits to Expire   ACT NOW!!! | CT Real Estate
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