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Homebuyer Tax Credit
December 1, 2009– April 30, 2010
First-time Buyer Credit: $8000 ($4000 married filing separate.)
First-time Buyer Eligibility: May not have had an interest in a principal residence for 3yrs prior to purchase.
Current Homeowner Credit: $6500 ($3250 married filing separate).
Current Homeowner Eligibilty: Must have used the home, sold, or being sold as a principal residence consecutively for 5 of the previous 8 yrs.
Binding Contract Rule: So long as a written binding contract to purchase is in effect on 4/30/10, the purchaser will have until 7/1/10 to close.
Income Limits: $125,000 Single
$225,000 Married
Limit on Cost of Purchased Home: $800,000
Call TODAY for details and direction with your home purchase!
860-739-4455
*Information deemed reliable, but not guaranteed.
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