You may have noticed an incentive package being passed. What does it mean for me, is what I always ask. Well if you are a first time home buyer it means a lot.
Congress Enacts Bigger and Better
Home Buyer Tax Credit
A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.
$8,000 Home Buyer Tax Credit at a Glance
- The tax credit is for first-time home buyers only.
- The tax credit does not have to be repaid.
- The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
- The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
- Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
If you have questions feel free to contact The Sumbles Team for complet information. We can help you find your new home and the great thing is you don't pay us a fee. The sellers pay for all fees. We are one of the top teams in this area and are experienced in all phases of Real Estate. Call us today at 501-960-4111.
Randy Sumbles
Keller Williams Realty
www.TheSumblesTeam.com
501-960-4111
rsumbles@kw.com
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