New Tax Act 2008
What the Housing & Economic Recovery Act of 2008 Mean to First Time Home Buyers!
It means a lot if you are in the market to be a homebuyer-- up to a $ 7,500 tax credit if you purchase before July 1, 2009. First time home buyer is defined as, " a buyer who has not owned a principle residence during the three-year period prior to the purchase"
In order to receive the tax credit you must purchase your home-- single-family detached, townhome, condo etc. between April9,2008 and July 1, 2009 (ie. Purchase being the Closing Date). You must also meet income requirements. But even if you are over the modified adjusted gross income livel of $ 95,000(Single) or $ 170,000 (Married), you may be able to receive partial tax credit.
For further information on the Tax Credit Program Email Mel@RealtorMel.com and we will send you a Newsletter or view the Newsletter On-Line ....
It means a lot if you are in the market to be a homebuyer-- up to a $ 7,500 tax credit if you purchase before July 1, 2009. First time home buyer is defined as, " a buyer who has not owned a principle residence during the three-year period prior to the purchase"
In order to receive the tax credit you must purchase your home-- single-family detached, townhome, condo etc. between April9,2008 and July 1, 2009 (ie. Purchase being the Closing Date). You must also meet income requirements. But even if you are over the modified adjusted gross income livel of $ 95,000(Single) or $ 170,000 (Married), you may be able to receive partial tax credit.
For further information on the Tax Credit Program Email Mel@RealtorMel.com and we will send you a Newsletter or view the Newsletter On-Line ....
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