Federal Income Tax Credits
The $8,000 Federal Tax Credits for First Time Home Buyers have been extended AND there is also a Federal Tax Credit for Exisiting Home Owners who buy a new home.
The Tax Credit for first time home buyers is extended to purchase agreements that are fully executed prior to April 30, 2010 and they must fully close by June 30, 2010. The Amount of the credit can be up to $8,000 depending on the cost of the house and the individual buyers income levels. Call me for more details.
There is also a new tax credit up to $6,500 for current home owners who have been in their home at least 5 years and purchase a home to be used as primary residence. This credit also applies to sales contracts executed before April 30, 2010 and closed before June 30, 2010. There are also personal income limitations on these credits as well.
Call me at 588-2272 to discuss your situation !!!
