New $6,500 Tax Credit - 11/15/09 09:54 AM
I had a client call me today to inquire if she could claim the new $6,500 tax credit since I helped her purchase a home 2 months ago and she met the requirements.  Unfortunately, after review, the new $6,500 Tax Credit is not retroactive.  She's out of luck. 
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The First-Time Homeowner Tax Credit Extended With Additional Provisions - 11/06/09 08:24 AM
This is truly wonderful news!
The $8,000 first-time homeowner tax credit has been extended.  In addition, people who have owned a home for at least five years will be able to apply for tax credits of up to $6,500 when they purchase their next home.  The maximum purchase price on a home will be $800,000 with vacation homes not eligible. Income limitations are $125,000 for single tax payers and $225,000 for joint filers.  The credits will only be available to buyers who sign a purchase agreement by April 30, 2010 and close by June 30. 
 
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Melissa Juarez

Quincy, MA

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Massachusetts Buyers Broker Agency, LLC

Address: 2 Hancock Street, Suite 215, Quincy, MA, 02171

Office Phone: (617) 633-1686

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