Expanded Tax Credit For First Time Homebuyers of Colorado Springs
$8,000 Home Buyer Tax Credit at a Glance
· 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 credit does not have to be repaid.
· 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.
· Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
UNLIKE THE PRIOR FIRST TIME HOME BUYER TAX CREDIT LAST YEAR, THIS MONEY INDIVIDUALS DO NOT NEED TO PAY BACK!
For more info go to: www.federalhousingtaxcredit.com
Ok, now contact me and I'll help you in finding your dream home, answer any questions you may have and give you exceptional customer service. Hurry, in order to get the tax credit you have to have bought your new home by 11/30/09. Call me today at 719-229-5770 or email me Juanita@JuanitaSimkins.com
All the best!