Everyone is talking about it, but not everyone understands it. The 2009 $8,000 Home buyer tax credit has been extended to homes under contract by April 30th, 2010 and under contract by June 30th, 2010. Also, if you have lived in the same residence for 5 of the last 8 years, you qualify for a $6,500 tax credit when buying a home by June 30th, 2010. Read that again. BOTH tax credits expire June 30th, 2010! What: $8,000 tax credit. When: Homes that are bought between 1/1/09 and 12/1/09. Where: Any home that you will occupy. This is not good for an investment property. You must occupy the house. Why: We are not talking a tax deductible, this is a TAX CREDIT. This means if your tax debt is $9,000 in 2009, this tax credit would reduce your burden to $1,000! Who: Any first-time home buyer, or if you have not owned a home in the last 3 years. There are income limits, as well. If you are single, you must make under $75k/year. If you are married, you can not make more than $150k/year. HOW: CALL OR E-MAIL ME TODAY AND START YOUR SEARCH! Rodney Diller 405.412.8988 rodneydiller@hotmail.com |