Special offer

Extended First Time Home Buyer Tax Credit

Real Estate Agent with Windermere K-2 Realty LLC www.propertiesinmoseslake.com

 Moses Lake Real Estate Agent Heather Adkinson


Jan 1-November 30 2009

December 1-April 30 2010

First time Home Buyer Amount of Credit $8000.00 ($4000.00 married filing separately $8000.00 ($4000.00 married filing separately
First time Home Buyer Amount of Credit May not have had interest in a principal residence for 3 yrs prior to purchase Same
Current Home owner Amount of Credit

No Provision

$6500.00 ($3250.00 married filing separately)
Effective Date Current Home Owner

No provision

Date of Enactment

Current Home Owner Definition for Eligibility

No provision

Must have used the home sold or being sold as a principal residence consecutively for 5 yrs of the previous 8
Termination of Credit Purchases after November 30 2009 (Becomes April 30 2010 on enactment)

Purchases after April 30, 2010

Binding Contract Rule


So long as written and binding contract to purchase is in effect on April 30, 2010 the purchase will have until July 1, 2010 to close
Income Limits $75,000-single, $150,000 married Additional $20,000 phase out $125,000-single $225,000-married Additional $20,000 phase out
Limitation on cost of Purchase Homes


$800,000 enactment date
Purchase by Dependent

No provision


Anti-fraud rule


Purchaser must attach documentation of purchase to tax return.


Print this out for reference and you have everything you need!


Posted by

                   Heather Adkinson  509-760-7733               

Realtor, ABR, CNE, RCC

Windermere K-2 Realty LLC

Moses Lake, WA, 98837



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