First Time Home Buyers

$8,000 tax credit now available!

Recently passed legislation now allows many first time home buyers to receive a tax credit of up to $8,000 when they purchase a home.

Who is Eligible?

• First time home buyers who have not owned a home during the last three years

• Sale must close prior to December 1, 2009.

• Adjusted gross income of $95,000 or less for individuals or $170,000 or less for those who
  file jointly qualifies you for a tax credit.

How It Works

• Receive a tax credit when you file your 2009 tax returns of 10% of the sales price of
  your home (maximum tax credit of $8,000).

• Tax credit does not have to be repaid as long as you own the home for at least 3 years.

• Earn your tax savings during your first year of home ownership

Has there ever been a better time to be a First Time Home Buyer?

More Information...

Contact Tim Rhodes, Howard Hanna Mortgage Services Finance Manager.

View Barbara's Mortgage Guide, click here.

*Contact a tax advisor for complete details regarding tax credit. Restrictions apply.