cookeville homebuyers: FIRST TIME HOMEBUYERS TAX CREDIT
- 09/30/08 07:03 AM
GOOD NEW...DID SOMEONE SAY TAX CREDIT? Good news From April 9, 2008 through July 1, 2009 Tax Credit up to $7,500 for First Time Homebuyers 10% of Sales Price up to a Maximum of $7,500 Must be Primary Residence Income limits $75K for Single or $150K for Couples Phases out at $95K and $170K Respectively THE FINE PRINT The Tax Credit is actually an interest-free loan, must be PAID BACK OVER 15 years at $500 per year If home sold early, repayment of loan is limited to amount of appreciation. If you die the loan is forgiven. Consult a tax … (1 comments)
GOOD NEW...DID SOMEONE SAY TAX CREDIT?;)
;)
