Special offer

The Deadline is Drawing Near

By
Real Estate Agent with Robin Scott, REALTOR® 467100

- December 1, 2009 - For first-time homebuyers to take advantage of the $8,000 tax credit which the federal government has included as part of the 2009 stimulus program.

HERE'S THE BRIEF EXPLAINATION AND IT COULD BENEFIT YOU WHEN YOU BUY A HOME BUT THE DEADLINE IS DECEMBER 1!

This credit is for UP TO $8,000. It pays 10% of the cost of the home UP TO $8,000.

To qualify, you must be a first time homebuyer OR have not purchased a home in the last 3 years. AND there is an income limit of $75,00 for singles and $150,000 for married couples.

This is part of the government stimulus program and has a deadline of December 1, 2009. The purpose is to stimulate the economy now.

THIS DOES NOT HAVE TO BE REPAID.

It is recovered when you file your income tax. IT IS A TAX CREDIT.

File on IRS  form 5405 line 69. It is a dollar for dollar credit on what you owe in taxes.

How can it be used for the downpayment? If you know you will qualify and have plans to purchase you may adjust your withholding so that less taxes are withheld from your paycheck and save that money for your downpayment.


For a more lengthy explanation follow the link below.

http://www.federalhousingtaxcredit.com/2009/index.html

Robin Scott, BROKER. Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. Amelia Bullock Realtors. 512.589.7988.

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I want to be your REALTOR. If you are thinking of selling a house, give me a call. I'm happy to answer any questions you may have about the seller's disclosure or other matters involving selling a home. 512. 589.7988.

 

If you are interested in finding out more about Austin, living in Austin, real estate or buying or selling a home in Austin, I want to be your REALTOR. And I appreciate your referrals as well. Call or email to find out how I can help you. 512.589.7988 or robin@robinscottrealtor.com

 

Austin, Texas Homes for Sale. Robin Scott, BROKER Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. 512.589.7988.

 

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