Did you know that:
1) You don't have to actually be a first time home buyer to qualify for the tax credit? Even though you've owned a home in the past 3 yrs., as long as it was not your primary residence, which means you could have it rented out, your still may qualify.
2) If you owned a primary residence outside of the United States in the past 3 yrs., you still may qualify? Read more........
3) Members of the military, certain other federal employees, and the intelligence community have an extra year in which to qualify for the First Time Homebuyer or Repeat Homebuyer tax credits. And the usual payback required if the homebuyer does not stay in their new home as their principle residence for at least 3 yrs. is waived.
4) There are many extenuating circumstances with the Tax Credits, which makes it even more important to check with your Tax Advisor or Attorney.
Comments(4)