Sunday, December 6, 2009
IN Birmingham
Most of the Realtors from my office are here in BHam for Ninja training tomorrow... should be good.. My broker is the best! If you ever thought about becoming a Realtor Becky Hancock is the only broker I would work for...
WAHOOOO the first time home buyers tax credit has been extended....
Homebuyer Tax Credit Extended and Expanded
(December 1-April 30, 2010)
First Time Buyer $8000 ($4000 married filing separate)
May not have had an interest in a principle residence for 3 years prior to purchase
Current Home Owner $6500 ($3250 married filing separate)
Effective Date Date of Enactment
Must have used the home sold or being sold as a principle residence consecutively for 5 of the previous 8 years.
Terminates- purchases after April 30, 2010
Income limits $125,000 single $225,000 married
Limitation on cost of home $800,000
Purchaser must attach documentation of purchase to tax return.
(Contact an accountant and/or the IRS for more information.)
(December 1-April 30, 2010)
First Time Buyer $8000 ($4000 married filing separate)
May not have had an interest in a principle residence for 3 years prior to purchase
Current Home Owner $6500 ($3250 married filing separate)
Effective Date Date of Enactment
Must have used the home sold or being sold as a principle residence consecutively for 5 of the previous 8 years.
Terminates- purchases after April 30, 2010
Income limits $125,000 single $225,000 married
Limitation on cost of home $800,000
Purchaser must attach documentation of purchase to tax return.
(Contact an accountant and/or the IRS for more information.)
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