U.S. Homebuyer Tax Credit Extended & Expanded
The credit of up to $8000 for first time home buyers, originally due to expire November 30th has been extended into 2010! This is money that never has to be repaid, provided you live in the home for three years. *
Homebuyers who have owned and lived in their principal residence for five consecutive years of the last eight are eligible for a credit of up to $6500!
Facts about the Homebuyer Tax Credit:
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You must have a signed purchase agreement for your home no later than April 30, 2010, and the transaction must be closed before July 1.
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First time home buyers receive the credit of 10 percent of the purchase price, up to $8000. You are considered a first time home buyer if neither you nor your spouse has owned a principal residence in the U.S. within the last three years.
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Buyers who owned and lived in their principal residence for at least five consecutive years of the last eight can receive credit of up to $6500 when they contract to purchase a home before April 30, 2010, and close before July 1.
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The upper income limit to receive the full credit is raised to $125,000 for individuals and $225,000 for couples.
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If the purchase price is more than $800,000, the buyer is not eligible for the credit.
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There is no minimum income for claiming the credit. You qualify for the full credit even if you won't owe any taxes for 2009 or 2010.
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You can calim the credit when you file your 2009 or 2010 tax return...And you can even apply the credit to your down payment for the purchase of an FHA-insured home. (currently not available in Wyoming)
More about the Move-Up/Repeat Home Buyer Tax Credit
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The new home does not have to cost more than the current home
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Current home owners can have lots of equity in their home and even pay cash for the new one.
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If you have already sold your home and are currently renting, as long as you lived in that home for 5 out of the last 8 years, you still qualify for the credit!
This is a fantastic opportunity to start looking for a home
and make some cash!
So if you're a first time home buyer and you're interested in receiving this $8000 or $6500 Tax Credit then you can start the home buying process today!
If you have not already been qualified, then CLICK HERE NOW and you can complete my FREE and CONFIDENTIAL Loan Application. Once we determine how much home you qualify for, then we'll set you up to start receiving ALL The Casper Area Homes for Sale from all the real estate offices! We'll show you homes of interest and find the home you've always wanted!
If you have already been qualified for a home loan then start receiving Property Alerts Now and you'll know about the homes before the average buyer will!
If you would like more information on this Government Tax Credit, simply complete the requested information below and you'll be on your way to making some extra cash!
*Information is deemed reliable but not guaranteed. Some restrictions do apply. The recapture clause stipulation of 3 years may be forgiven, please call for details.
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