$6,500 Tax Credit for Current Homeowners!

$6,500 Tax Credit for Current Homeowners!

• Receive up to $6,500 in a tax credit on a new home purchase

  (you must have lived in your current home for 5 consecutive years over the past 8 years).

• Purchase home by April 30, 2010 and close by June 30, 2010.
• Income limits to qualify for full tax credit have increased to $125,000 for individuals or $225,000 for joint filers.

  (Partial tax credit may be granted for incomes up to $145,000 for individuals or $245,000 for joint filers).

• Home must be used as your primary residence.

Is someone you know a first-time homebuyer?

• Tell your family and friends - up to $8,000 tax credit for new homebuyers!
• Buyer(s) must sign a purchase contract by April 30, 2010 and close by June 30, 2010.
• Homebuyers cannot have owned a home during the past three years.
• Home must remain primary residence within 3 years of the purchase date.
• Income limits to qualify for full tax credit have increased to $125,000 for individuals or $225,000 for joint filers.

  (Partial tax credit may be granted for incomes up to $145,000 for individuals or $245,000 for joint filers). These tax credits expire April 30, 2010.

Make sure you talk to a accountant to get all the details on these programs