Q What is the amount of the new tax credit?
A Up to $8,000 for First Time Homebuyers. Up to $6,500 for existing homeowners.
Q What is the deadline to qualify?
A Qualified first time homebuyers or existing homeowners who contract on a home by April 30 and settle by June 30, 2010.
Q What are the details of the new tax credit?
A The incentive is a refundable tax credit (or up to 10% of the purchase price). This means that if your total tax liability in the given year is less than $8,000 for first timer buyers or $6,500 for existing buyers, the IRS will send a refund for the balance.
DON’T WAIT – Visit my Web Site to start your Home Search or email me today to take advantage of this great program.
Filed under: Happening In Delaware County, Real Estate
