There's Still Time to Get a Home Buyers Tax Credit in Lancaster PA

If you missed the deadline last year to get a First Time Home Buyers' Tax Credit, don't despair!  The tax credit has been extended - and widened.  Not only can first time home buyers get up to $8,000. back - there is also a tax credit for homeowners who have lived in their homes for five consecutive years, or five out the last eight years.

However, there's not much time left to take advantage of these tax credits.  Agreements must be written up no later than April 30, 2010.  Settlements must take place no later than June 30, 2010. There are maximum income limits on the tax credits, but the limits are fairly high.  Discuss your particular situation with your tax preparer.

A recent TV news report from WGAL in Lancaster, PA gives some good imformation about the tax credits for both first time home buyers and trade-up (or trade-down) home owners.

Uncle Sam is still willing to put money in your pocket for buying a house!  If you would like more information about how to go about getting the tax credit for purchasing a home, please feel free to contact me.