Taking Advantage Of The Real Estate Stimulus Is As Easy As Making Money Online
Have you been thinking of buying your first home? Maybe you are just ready for a new home? If you have an income level of less than $125,000 for singles or $225,000 for married couples you may qualify for the real estate stimulus . This is a fantastic opportunity for first time homebuyers. From now until April 30, 2010, first time homebuyers can receive a federal income tax credit of p to $8,000 if they purchase a home. Now is the time so don’t wait to act. There will be no extensions on this tax credit. The federal income tax credit for homebuyers also includes homeowners who wish to “move on” after 5 years of living in there current property can receive up to a $6,500 tax credit. All you have to do is have a written and binding contract before April 30, 2010 and close by June 30, 2010 you could take advantage of this fantastic tax credit. This is an opportunity you aren’t likely to see again in your lifetime. There are some other restrictions so talk to your tax professional or contact your local Coldwell Banker professional. Act now and don’t let this home buying tax credit pass you by.
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What Could You Do With A $8,000 Tax Credit?
Think about it, getting a federal income tax credit for doing something you already want to do. If you are a first time home buyer then you could qualify for that tax credit. The federal government is offering tax credits to first time home buyers. This is a tax credit that will not last forever. In fact the tax credit will expire in April 30, 2010.
This is a tax credit that is available to single persons with income of less than $125,000 or married couples with income of less than $225,000. You also have to have a contract signed prior to April 30, 2010. This has to be a written and binding contract. The closing has to be prior to June 30, 2010. I know this is hard to believe but it is true. This has never been offered in the history of this country.
Right now those of you who already own a home are probably feeling left out. This is a mistaken feeling. You can qualify for up to a $6,500 income tax credit. If you have lived in your current home for 5 of the past 8 years then you could qualify for this “move up” tax credit. If you are waiting to “move up” to your dream home now is the time to act.
There are other restrictions so you need to seek professional advice. Contact your tax professional and one of the professional at Coldwell Banker. This is an opportunity that is too good to pass up.
$8,000 Tax Credit
