Below is are the some important facts regarding the tax credit. This credit is only available this year, so take advantage!
Great reasons for taking advantage of the credit.
1. It'll help your pockets. Who can't use a cool 8K these days?
2. It'll help the economy. Each home sold generates 60K in economic activity
3. It'll help you stop paying someone else's mortgage and start to create a future for you and your family.
4. It'll help you achieve The Great American Dream
Credit can be claimed on 2008 Tax Return by filing by April 15th, by amending your 2008 Tax Return, or your 2009 Tax Return. Please consult your tax advisor.
FEATURES:
10% of home purchase up to 8K maximum
All principal residences eligible
Refundable- meaning after eliminating your tax liability the rest is refunded to you!
Income Limits: Under 75K or 150K for joint filers
Eligibility: 1st time home buyers or those who haven't owned in the last 3 years
Repayment: No repayment if the home owner stays in the home for 3 years
Nogui Aramburo
Realtor at Coldwell Banker, HPW South Durham
919.771.3609
nogui@amypomerantz.com
Follow me on Twitter: Nogui
Nogui Aramburo
Real Estate Broker / Licensed Assistant
Linda Craft & Team, REALTORS
www.lindacraft.com
(919) 771 3609
Great picture of Uncle Sam and very good bullet points on the tax credit.
Hi Nogui - The best part of the $8,000 tax credit is that it does not have to be repaid if you purchased the home between January 1, 2009 and December 1, 2009. Buyers need to know that in order to take advantage of the credit is that they have to close the deal on or before December 1, 2009.
Nogui,
Thank you so much for the updated information on the tax credit. This really helps my family! :) -Denise