This time the tax credit isn’t just for First Time Homebuyers!
A new bill extended the tax credit of up to $8,000 through June 30, 2010, and opens new opportunities.
Even more people are now eligible, because the amount of income you can earn has increased. The program also offers those who already own homes the ability to move to a NEW home — there’s a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for five consecutive years during the last eight.
Call today—get moving to get your tax credit now!
Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible. This applies both to single taxpayers and married couples. If owned property is an investment property or a vacation property, or if a couple is married but filing jointly, special rules will apply.
The tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500 if they move to a new home.
Singles who earn up to $125,000 are eligible for the full credit amount, and partial credit for those earning up to $145,000.
Joint filers earning up to $225,000 can get the full credit, and up to a $245,000 limit can get partial credit.
For more details, give me a call! (512) 779-3518