THE 2009 - 2010 HOME BUYER TAX CREDIT

If you think you have missed your opportunity to take advantage of this GIFT from the IRS, now you have a second chance to get thousands of dollars toward the purchase of a home.

The old Home Buyers Tax Credit Act has now been EXTENDED, EXPANDED, AND IMPROVED.

 #1 For eligible* first time home buyers, the tax credit remains at $8,000,, but your eligibility has been extended from November, 2009 to any Purchase Contract signed prior to April 30,2010,  and you do not have to close until June 30, 2010.

#2  Now the Tax Credit has been expanded to include current home owners who have lived in their primary residence for 5 consecutive years out of the last 8 years. Current Home Owners are now eligible for a maximum $6500 tax credit for the purchase of a new primary residence that can be either a move up or a downsized   property. The improvement in the period between purchase (by April 30,2009) to closing date (June 30, 2009) applies here also.

#3  A further improvement in the Act is an increase in the income limits for eligibility. The upper limits have been raised substantially from $75,000 to $125,000 for single taxpayers, and from $150,000 to $225,000 for married taxpayers.

Please take 5 minutes to watch this video that we have produced to provide you with information about THE 2009 - 2010 HOME BUYER TAX CREDIT - Just Click here

The time has never been better to buy a home ( SEE WHY BUY NOW ). The Tax Credit is just the cherry on top.

**As you can see this is just a summary of the main points  contained in the Act of 2009-2010. The Rules  can change, and how all of this applies to you, should be discussed in consultation with your accountant, lawyer, and loan officer .

We know that this Tax Credit may make the difference in whether you do, or do not, buy a new home.  

Use the form below to request our package of detailed information about the tax credit, an extensive FAQ brochure, and the forms and details published by the IRS.