$8000 Stimulus Tax Credit Details

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!

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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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