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$8000 Stimulus Tax Credit Details

March 14, 2009

So you’ve probably heard about the stimulus tax credit for first time home buyers, but you may qualify even if you’ve owned before.

  • A first time home buyer is someone that has not owned a property as their principle residence in the last three years.
  • In order to qualify you must make less than $95,000 singly or $170,000 as a couple.
  • You must live in your new home for 3 years or more.
  • The tax credit is actually 10% of the purchase price or $8000 dollars, whichever is less.
  • You can not purchase a home from your or your spouses family.
  • You can file for your tax credit now if you haven’t filed your 2008 taxes.
  • The $8000 does not have to be repaid!
  • You must close on the property before November 30th 2009.  It may take 60 days to close making Sept 30th the last day to find a home.

Call or fill in some basic information below to start looking now!

In order to make home buying easier and have free representation, you should find a free buyer’s agent!

Your Name (required)

Your Email (required)

Your Phone #

Call today in Stark and Summit counties to get started looking. Joey Marino ~ cell:330.412.2221 ~ joey@whippleauction.com

Check out www.federalhousingtaxcredit.com for more details.

First time home buyer’s get started here.

**I am not an accountant or tax professional. Please contact one concerning the details of this tax stimulus.

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Posted by joeymarino | Filed Under Real Estate Blog 

Comments

2 Responses to “$8000 Stimulus Tax Credit Details”

  1. First Time Home Buyer’s Guide - Part 1 | Joey Marino on March 25th, 2009 9:03 pm

    [...] government now has tax credits and down payment programs for first [...]

  2. How To Get a Great Deal in the Current Real Estate Market | Joey Marino on April 22nd, 2009 1:24 pm

    [...] could take more than a couple months to get accepted and closed, so if you want to get the tax stimulus, you will have to close by December 1st, 2009.  You will want to get started immediately, because [...]

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