Archive for the 'Home Buyers' Category

Tax Credits Provide Outstanding Opportunities For Home Buyers

Wednesday, December 9th, 2009

The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring before April 20, 2010. The income limit has also been increased to income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.

The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence before April 30, 2010

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