Those who want to receive the $8K tax-credit that is set to expire on November 30, 2009 and is widely believed not to be extended because of lack of money, has exactly 2 months & 2 days to settle on their house. Call 215.592.9522 or visit here NOW!
$8,000 Home Buyer Tax Credit at a Glance
The information on this page pertains to the American Recovery and Reinvestment Act of 2009.
·The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
·The tax creditdoes nothave to be repaid.
·Any type of property qualifies
·The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
·The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
·It can be claimed on 2009 or amended 2008 returns
·Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.