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TAX CREDITS AVAILABLE
As anticipated, President Obama signed the
8,000 first-time homebuyer
tax credit extension into law on
Friday. You can now collect the credit if
your home purchase is complete by June 30,
2010. But wait, there's more! The extension
also offers a
tax credit for people who are
purchasing a new residence, but aren't
first-time homeowners. The key, of course,
is that the newly purchased home needs to be
a primary residence—no rental properties or
vacation homes, thank you. Current
homeowners within the income guidelines can
receive a $6,500 credit after purchasing a
new home—new homeowners will still receive
$8,000. Check out more at
www.irs.gov... follow links to
First-Time Homebuyer Credit |
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