Houston, San Antonio, Dallas, Laredo, Online Home Buying Guide for First Time Home Owner. Find the home of your dreams and the help to make it yours. Tax Credit Available To More Than Just First-Time Buyers.
EXTENDED HOME BUYER TAX CREDIT BRINGS ADDITIONAL OPPORTUNITIES
We have talked a lot about the Home Buyer Tax Credit and are very excited about the fact that it’s been extended until April. Following is some basic information on the tax credit which will apply to first-time buyers who purchase a home between November 7, 2009 and April 30, 2010. A first-time buyer is considered anyone who (the purchaser or his or her spouse) may not have owned a residence during the three years prior to the purchase.
The Home Buyer Tax Credit can be used or applied to a primary residence which can incldue a single-family home, condo or townhome. The tax credit allows a maximum of $8,000 and up to $6,500 for current homeowners. Each buyer’s tax credit is determined by the price of the home and the buyer’s income.
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