If you plan to buy a home, don't wait until May 1!!!!!
The tax credit of $8,000 for first time home buyers and the $6,500 tax credit for repeat home buyers is scheduled to end on April 30, 2010.
We got Health Reform - don't get greedy!
The Worker, Home Ownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 through April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purcahse completed by June 30, 2010 will qualify.
For sales occurring on or after November 6, 2009, the Act establishes income limits of $125, 000 for single tax payers and $225, 000 for married couples filing jointly.
The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009, were $75,000 for single tax payers and $150,000 for married couples filing jointly.
Go out there and get a house!
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