Travis' Video, The $8000 Tax Credit for "New" Home Buyers

Hello Friends, I know there are about 1000 posts on this now but I thought for us visual "learners" I would post a video recapping the major points. #1 A true $8000 credit, no required to be repaid unless the home is sold in the first 3 years. #2 The provision considers “new home buyers”, not necessarily first time home buyers. #3 You can receive the credit this year by waiting to file or extending your filing until October to receive the $8000 immediately after closing on your home. #4 If you have already filed your taxes, a strategy to raise your W-4 withholdings in order to get most of the $8000 throughout the year in your pay check rather than wait until next filing. #5 The 10% rule where you would get less than $8000 only applies if you are purchasing a home under $80,000 #6 When the "phase-out occurs" when you make TOO much money. Those are the main highlights covered in the video. I would encourage you to email or call for more clarity. Be Blessed!