New Home Purchase Tax Credit Extended to All Buyers!

 

Congress has expanded the existing First Time Home Buyer Tax Credit to include all Home Buyers if the following requirements are met:

  • The tax credit is eligible for up to 10% of the purchase price of the home or $6,500 whichever is lower.
  • The new home must be purchased by April 30th, 2010 and closed by June 30th, 2010.
  • The home buyer must have resided in their current home for five consecutive years out of the past eight years they have owned the home.
  • Income eligibility to qualify for the tax credit is up to $125,000 for individuals and $225,000 for married couples. 

Please contact me at: steve@steveappel.com if you have any questions regarding the new and expanded Home Buyer Tax Credit Package. 

 

Podcast of the Extended & Expanded Home Buyer Tax Credit

 

Please click on the link below to listen to the President of the National Association of Realtors discuss the changes to the First Time Home Buyer's Tax Credit extension and to expand the tax credit to all home buyers if they qualify.

 
NAR President's Podcast on Changes to Home Buyer Tax Credit


Clearing up the Confusion on Available Tax Credits
Clearing up the Confusion on Home Buyer Tax Credits