First-time homebuyers have to sign a purchase agreement by April 30, 2010,
and close by June 30, 2010. The income limit for claiming the
full tax credit for single taxpayers is $125,000 and $225,000 for married taxpayers filing a joint return. The tax credit does not have to be repaid. Homes purchased for up to $800,000 are eligible.
A first-time buyer is defined as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers,
this includes the home ownership history of both spouses.
THE FIRST-TIME HOMEBUYER TAX CREDIT
Did you know that first-time homebuyers have accounted for 53% of all
real estate transactions in 2009?1 Are you prepared to achieve your dream of purchasing their first home?
Know the good news about this exciting tax credit!
Call me today....
