$8,000 Tax Credit Extended and Expanded
$8,000 tax credit for first-time home buyers. This popular and valuable tax credit
of up to 10% of the purchase price or up to $8,000 was extended into 2010
(purchase agreements must be signed by April 30, 2010, and closings must be
final by June 30, 2010). The new program was also expanded to include a tax
credit of up to $6,500 (or up to 10% of the purchase price) for qualified buyers
of a second or "replacement" home under the same deadlines. To qualify, home
purchasers must have owned and occupied a primary residence for five consecutive
years during the last eight years. Most importantly, the new program
significantly increases previous income requirements.
There are other important guidelines to meet in order to qualify, so be
sure to discuss your situation with a tax professional. Don't forget, you
can still buy a home before April 30th and qualify – even you've already filed
your 2009 taxes – For more information please contact us 772-905-8173 or visit
www.BoldRealEstateGroup.com or send us an email at communityinfo@comcast.net