2009 Home Buyer Tax Credit – Simplified
The 2009 homebuyer tax credit simplified:Â
    – Must be 1st time home buyer.
      (defined as someone who hasn’t owned a house in 3 years)
    – The credit is for 10% of sales price
      ( not to exceed $8,000)
    – Must close on the home between 1-1-2009 and 11-30-2009.
    – The home must be your primary residence.
    – The home must be a single family residence.
    – You must meet income requirements .
      (less than $75,000 for single and less than $150,000 for joint)
    – The tax credit is applied to your tax liability.
    – Any unused tax credit is refunded to you.
    – Does not have to be repayed.
      (unless you sell the home before 3 years time)
For more information click here.
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October 8th, 2009 at 5:06 am
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