IF YOU HAVEN'T ALREADY HEARD, THERE IS A NEW TAX CREDIT FOR CURRENT HOMEOWNERS. IF YOU HAVE LIVED IN YOUR CURRENT RESIDENCE FOR 5 OUT OF 8 YEARS, AND IT'S YOUR PRIMARY RESIDENCE, YOU MAY QUALIFY. THERE ARE OF COURSE STIPULATIONS, THEREFORE, I HAVE INCLUDED SEVERAL LINKS BELOW FOR YOU TO LOOK THROUGH.
HERE ARE A FEW OF THE RULES:
THE HOME MUST BE UNDER CONTRACT BY APRIL 30TH, 2010.
IF THE HOUSE IS UNDER CONTRACT BY APRIL 30TH 2010, IT MUST CLOSE NO LATER THAN JUNE 30TH, 2010
IN ADDITION, INCOME LIMITS ARE $125,000 FOR SINGLES AND $225,000 FOR COUPLES.
CURRENTLY MANY HOMEOWNERS HAVE CHOSEN TO STAY IN THEIR HOMES, BECAUSE OF FEAR RELATING TO THEIR TAXES INCREASING. TODAY, IN FLORIDA WE HAVE THE SAVE OUR HOMES AMENDMENT. THIS ALLOWS QUALIFYING HOMEOWNERS TO TAKE THEIR HOMESTEAD WITH THEM INTO THEIR NEW PROPERTY. TO SEE IF YOU QUALIFY, AND HOW MUCH OF YOUR PORTABILITY YOU CAN TAKE WITH YOU, USE THE LINK BELOW.
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