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. |