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First time homebuyer tax credit
March 7th, 2009 1:31 PM

I'm sure that many of you have heard about the next tax credit that has been released. Well, here's the details:

*The credit allows for 10% of the purchase price up to $8000! 

*The buyer must purchase the home for their principal residence on or after January 1, 2009 and December 1, 2009. 

*According to the Federal Housing Tax Credit website, they define a first time buyer as one that has not purchased their principle residence with the past 3 years.

*This tax credit is NOT a loan and does not have to be repaid like the 2008 Tax credit.

*Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit

Several of my clients already received their 2008 tax credit and could not be mroe thankful for the extra credit to invest back into their home! So what are you waiting for??  You don't even have to pay your tax credit back over the next 15 years!  Call me today to start your dream search!


Posted by Brittany Stewart on March 7th, 2009 1:31 PMPost a Comment (0)

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